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50
Europe is in a much worse situation than the US - the ECB cannot sell their QE assets NOR raise interest rates without bankrupting massive borrowers like the Italian Gov. Watch Convicted Criminal Christine Lagarde Panic (twitter.com)
posted 4 years ago by NotAGlowy 4 years ago by NotAGlowy +50 / -0
21 comments share
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Comments (21)
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▲ 26 ▼
– Lurker404 26 points 4 years ago +26 / -0

The Euro is going to shit.

Last year 1 EUR cost 1.2 USD. This year we'll likely hit parity where 1 EUR is only worth 1 USD.

And it ain't because the USD is doing so well.

permalink save report block reply
▲ 11 ▼
– PraiseBeToScience 11 points 4 years ago +11 / -0

Laughs in Brexit.

Btw I've been working with travel financing so I've seen the Euro shift. A fewontha ago the rate was like 0.88, the guys who just traveled it was 0.93.

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▲ 11 ▼
– Lurker404 11 points 4 years ago +11 / -0

Laughs in Brexit.

Oi bruv, you now have to turn yourself in at the nearest police station because you offended some foreign migrants by speaking positively about Brexit. Have fun in prison the Reeducation Centre.

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▲ 16 ▼
– deleted 16 points 4 years ago +16 / -0
▲ 2 ▼
– AntonioOfVenice 2 points 4 years ago +2 / -0

Huh, that is very surprising. Always thought Italy was one of the sponges.

permalink parent save report block reply
▲ 2 ▼
– lapalapa 2 points 4 years ago +2 / -0

People tend to be richer as they age, and many people move to Italy for retirement.

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▲ 1 ▼
– deleted 1 point 4 years ago +1 / -0
▲ 11 ▼
– AntonioOfVenice 11 points 4 years ago +11 / -0

The most shocking thing about this is a journalist asking semi-critical questions of an oligarch.

permalink save report block reply
▲ 10 ▼
– deleted 10 points 4 years ago +10 / -0
▲ 9 ▼
– Tourgen 9 points 4 years ago +9 / -0

Yes. The welfare states of the West are collapsing as we speak. The train has already crashed. People are in denial now.

Italy and Japan are Done. It's over. They already gave up and went for stimulus. They chose hyper-inflation. There is probably going to be a war soon.

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▲ 1 ▼
– yamez 1 point 4 years ago +1 / -0

war between who and whom?

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▲ 7 ▼
– censorthisss 7 points 4 years ago +7 / -0

Embarrassing to let her off the hook like that.

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▲ 6 ▼
– GravenImage 6 points 4 years ago +6 / -0

Even their fucking banks are inbred lmao

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▲ 2 ▼
– deleted 2 points 4 years ago +2 / -0
▲ 2 ▼
– realerfunction 2 points 4 years ago +2 / -0

bring back massive government incompetence mandating execution.

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▲ 6 ▼
– deleted 6 points 4 years ago +6 / -0
▲ 10 ▼
– Piroko 10 points 4 years ago +10 / -0

The logical negation of OR.

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▲ 7 ▼
– Norenia 7 points 4 years ago +7 / -0

Capitalized for emphasis.

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▲ 2 ▼
– PraiseBeToScience 2 points 4 years ago +2 / -0

Normalize logical operators.

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▲ 10 ▼
– deleted 10 points 4 years ago +10 / -0
▲ 3 ▼
– LauriThorne 3 points 4 years ago +3 / -0

I see you let another tenant live in your head rent free. You're going to go bust if you keep doing that.

permalink parent save report block reply

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