European Tribune - Comments

Currency crash | 115 comments (115 topical, editorial, 0 hidden)

Look at that, but look at that!

A 17% swing and back again in 3 months???

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Dec 18th, 2008 at 06:30:34 AM EST

And even more (4.00 / 2)

a 17% swing in less than 10 days!

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 18th, 2008 at 06:41:01 AM EST
[ Parent ]

Re: And even more (none / 0)

Both on the way down and on the way up.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Dec 18th, 2008 at 06:43:36 AM EST
[ Parent ]

Re: And even more (none / 1)

It was slightly slower on the way down.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 18th, 2008 at 06:47:55 AM EST
[ Parent ]

Re: And even more (none / 1)

Close enough for government work, as they say - they stopped for a week's rest before crashing on.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Dec 18th, 2008 at 06:50:08 AM EST
[ Parent ]

Re: And even more (none / 0)

That is one reason the currency traders have been crowing about the profits to be made in this market.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 18th, 2008 at 03:28:42 PM EST
[ Parent ]

Re: And even more (none / 0)

why was the Euro up to $1.44 yesterday and is gone down now to $1.38 ? It was down in the 1.36 the day before yesterday. Why should I even look at this?

by mimi on Fri Dec 19th, 2008 at 01:50:16 PM EST
[ Parent ]

Re: And even more (none / 1)

You shouldn't.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Dec 19th, 2008 at 01:53:16 PM EST
[ Parent ]

Re: And even more (none / 0)

Well, of course, it's only symmetric in logscale - otherwise it's 17% one way and 20% the other way :-)

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Dec 18th, 2008 at 06:51:00 AM EST
[ Parent ]

Currency crash | 115 comments (115 topical, 0 editorial, 0 hidden)

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