Thursday, February 25, 2010
Greece, the Euro, and supermodels
The bond vigilantes are attacking Greek bonds and the Euro, as further credit downgrades are inevitable.
Gisele Bundchen should consider getting paid in gold, instead of Euros.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aUdDmoYyZhdY
Supermodels should stick to modeling, and leave speculation to the foreign currency traders. While I agree with the USDollar continuing it's decades-long decline, the Euro will tank even further from the EU fracturing.
Labels:
bond vigilantes,
credit downgrades,
EUA,
euro,
foreign currency,
Gisele Bundchen,
gold,
Greece,
USDollar
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