EUR heavily overpriced against USD?

    • fuzzyfish
      fuzzyfish
      Bronze
      Joined: 12.01.2010 Posts: 862
      When looking at all the crap going on in South Europe, analysts talking about the collapse of eurozone etc, one would assume that EUR takes a nosedive. Despite that it has stayed about the same against USD for the last six moths or so. What's the logic behind that? I know that USA has some major issues too but IMO those are not comparable to the ones eurozone is facing.
  • 2 replies
    • pavels4444
      pavels4444
      Bronze
      Joined: 09.09.2010 Posts: 1,539
      What about the US dept? Both Europe and USA are getting screwed. Get ready to be ruled by Chinese and Indians
    • fuzzyfish
      fuzzyfish
      Bronze
      Joined: 12.01.2010 Posts: 862
      You might have a point there. It's not only debt and financial crisis. It's the bigger bicture as well. Asians are hardworking and smart, while Europeans and Americans are becoming a mindless herd of potheads who think that money comes from a big box (kept shut by evil bankers).

      Wonder if any rooms plan to convert to yuan.