Let's have a discussion on stocks and what ones are hanging in there and i have one idea for the European crisis...Germany should exit the euro..they are going to be paying everyone's bills. what a terrible idea the euro was, hindsight i know.
The euro wasn't a terrible idea. Nor was the EEC. The lack of a centralized european banking system was.But that was because each country wants autonomy & self determination (translate as nationalism) to the degree that don't want to give fiscal management over to some management board made up of "foreigners". Europe has a long history of cultural superiority & snobbery (not to mention wars) among its participants. Right now there's $ influxes into the European markets by institutional bargain seekers. True contrarians. Some of these are into gov't bonds due to their huge yields. Some into stocks of Euro based multinationals whose prices are depressed to book value.Even check out the inflows to VXUS Both take kahuanas to carry the risk. Cheers!! Anony-empanadas
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I am a French Canadian New Brunswicker. On August 5th, 2009, I achieved my goal of having $50,000 in investment assets. My ultimate goal is to achieve financial freedom, and at least live happily with my money and be able to achieve my objectives, even if I do not retire early. It all starts with that first $50,000. My email, if you'd like to say hello, is myfirst50000 (at) yahoo.ca.
3 comments:
No one cares about your posts that aren't about how little you know about investing.
Let's have a discussion on stocks and what ones are hanging in there and i have one idea for the European crisis...Germany should exit the euro..they are going to be paying everyone's bills. what a terrible idea the euro was, hindsight i know.
The euro wasn't a terrible idea. Nor was the EEC. The lack of a centralized european banking system was.But that was because each country wants autonomy & self determination (translate as nationalism) to the degree that don't want to give fiscal management over to some management board made up of "foreigners". Europe has a long history of cultural superiority & snobbery (not to mention wars) among its participants. Right now there's $ influxes into the European markets by institutional bargain seekers. True contrarians. Some of these are into gov't bonds due to their huge yields. Some into stocks of Euro based multinationals whose prices are depressed to book value.Even check out the inflows to VXUS Both take kahuanas to carry the risk. Cheers!! Anony-empanadas
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