Comments on: Is the Euro Doomed?

By: Euro Crisis

Euro Crisis — Mon, 15 Feb 2010 14:18:08 +0000

The price level there in the PIIGS is too high and wages most go down on the international level, while the budget cuts needed for these countries to remain solvent during a deflationary depression enforced on them by Germany via the Euro are so staggering that no modern democracy will be able to handle. As the riots in Greece have shown, any government in the world that will try to make public spending cuts in double digit percentage points will not survive. Not to talk about the fact that will need to lower the minimum wage during a depression, an action never done by any government. Euro Crisis

By: Luis

Luis — Fri, 12 Jun 2009 17:04:28 +0000

The use of the term PIGS to name a group of countries is simply insulting. Besides, the author is uterly ignorant of the evolution of the euro economies in the last ten years. While Spain was having a budget surplus Germany was in the red. Now with the recession Germany’s economy is falling by 6% while Spain is declinint by 3%. So, tell me what is so marvellous about the Germans?.

By: E. Ojeda

E. Ojeda — Fri, 12 Jun 2009 16:56:50 +0000

Wow Ian, great article…
for a moment I didn’t know if it was yours or Bill’s article, or if I was reading The Daily Reckoning or The Onion News….

By: JMR bayou bobby

JMR bayou bobby — Fri, 12 Jun 2009 08:43:18 +0000

Brevity may be the essence of wit. It may also be an indication of facile thinking. In any event, good luck with all that.

I’m headed out for some barbeque pig meat.

And I agree with A. Magan, FWIW.

By: A. Magan

A. Magan — Fri, 12 Jun 2009 08:17:14 +0000

To the author: if your economic forecasts are as serious as your naming conventions for countries, then I’m sure the Euro will stay with us for a long time.

Now seriously, please refrain from grouping together a bunch of very different countries, and most important don’t call them “pigs”.

Regards from an angry Spaniard.

By: tony bonn

tony bonn — Thu, 11 Jun 2009 22:42:44 +0000

and looking at how gold has not recovered from its slap down last week and that the dollar has failed to fall through 78 i think that maybe the fed is in the midst of a modest policy adjustment….indeed it announced a reduction in bond buying sessions from 5 to 4 over two weeks – does that involve dollar quantity changes?…and ben did say that he would not monetize the debt however much credibility that claim has – could have been for chinese consumption especially since he has monetized so much to date….

also the 30 yr t-bond sales today did not price in large inflation – (i am fundamentally an inflationist until i see contrary evidence from the fed)….

all of these small events suggest that the dollar will rally against the euro and yen…..it won’t be a strong rally until stronger policy changes are evinced…and europe has more problems than we have if you can believe that…

thus there are limits to the dollar’s decline at this point…and setup for a modest rally.