The Euro was flatly rejected at 1.30, and did not hold 1.28 either. Perhaps they need a $10T bailout.
Of course issuing 1T debt in exchange for debt is very bad for the currency.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
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