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Late last month, I wrote about Kat Ainsworth Stevens . She's a friend and occasional member of the North Texas Troublemakers, and an a...
Sunday, March 24, 2013
Keep your eyes on Cyprus tomorrow morning
The Cyprus banking crisis will probably come to a head tomorrow. It has enormous significance for the Eurozone, and potentially for the USA as well.
I'm in the process of preparing a detailed article about it, looking at all the implications, but I can't complete it until we know which way the frog's going to jump. Look for it tomorrow evening . . . and until then, keep an eye on developments. I'm not exaggerating when I say this may be the start of a very serious European economic collapse.
Peter
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2 comments:
Having had to deal with $ to € exchange rates over the past decade I long for the € to crash and burn
I'm certainly no economics expert, but I hope that would boost the $.
Update: Monday 25 March 2013
OOPs, As usual the European Union and IMF have kicked the Cyprus can down the road further. So no € explosion today folks.
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