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Euro falls 1 percent vs U.S. dollar to near two-year low

By Patrick   Follow   Wed, 30 May 2012, 1:56pm   545 views   4 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://finance.yahoo.com/news/euro-languishes-near-2-yr-012858142.html

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1. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   1   2:07pm Wed 30 May 2012   Share   Quote   Permalink   Like   Dislike   Sadly it only means the US can stay at ZIRP 4evar meaning zero return on savings and way too high house prices (due to 3% mortgages). I suppose that makes us rich?!

2. bob2356 Follow Befriend 2 threads 2,497 comments

   2   4:03pm Wed 30 May 2012   Share   Quote   Permalink   Like   Dislike   The question should be why the hell is the euro so high. It's still over 1.20. The euro is dead meat. Spain, greece, italy, portugal, and probably ireland are all going out. It's more a reflection on how people are holding their noses and buying dollars.

3. E-man Follow Befriend (31) 34 threads 2,545 comments San Jose, CA Premium

   3   11:05pm Wed 30 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   bob2356 says The question should be why the hell is the euro so high. It's still over 1.20. The euro is dead meat. Spain, greece, italy, portugal, and probably ireland are all going out. It's more a reflection on how people are holding their noses and buying dollars. Thanks for the laugh Bob. You said it well. What are they going to buy if not the USD? The Yuan? No thx. :) Now, when do you think the Euro will collapse? When do you think the USD will lose its world reserve status? ;)

4. bob2356 Follow Befriend 2 threads 2,497 comments

   4   1:40am Thu 31 May 2012   Share   Quote   Permalink   Like   Dislike   Not a clue, nor does anyone else. Spain is really a mess, it's worse off than greece if you look under the covers, 2 year bonds are almost 7%. Sooner or later the voters of Ireland are going to vote to default. Italy, who knows what comedy will happen next. I would think that smaller currencies in stable well managed countries should see a real boost in the eventually but there just aren't enough of those to go around. So it's down to buying the best of a bad lot as they say in Tx.