The euro hit an 11 month low against the dollar Tuesday, going below the crucial $1.30 level. And that means we are now at “DEFCON two,” Cramer said.

“We can now expect to see some nationalizations of European banks pretty imminently” he said.

He also expects a series of big downgrades of sovereign nations from the ratings agencies that will force bond yields to go up considerably for troubled countries like Italy and Spain.

“That means a great recession like we had here in 2008 is almost a sure thing for Europe in 2012.”

nothing WILL HAPPEN YOU CUNTS

Germany will save Europe like always

SIEG HEIL

I can almost picture the immense flocks of vultures, lazily making huge circles in the sky, eagerly anticipating the incredible feast they'll enjoy from the bloated corpses that will soon blanket the streets of Europe. Merry Christmas, Yurps.

Well said.

If all they get is a 'severe' recession it will be about as close to a miracle you'll see in this lifetime.

Anyone whose been watching this unfold is expecting the Euros to screw the pooch - currency collapse and break up of the Urine zone - it is inevitable at this point.

SevenSeventeen wrote:

If all they get is a 'severe' recession it will be about as close to a miracle you'll see in this lifetime.

Anyone whose been watching this unfold is expecting the Euros to screw the pooch - currency collapse and break up of the Urine zone - it is inevitable at this point.

God willing

Seems like EU_Ain't_Got_No_Army doesn't post much anymore.

The euro hit an 11 month low against the dollar Tuesday, going below the crucial $1.30 level.

In other words, the Euro is still 30% up versus the introduction parity of 1 to 1 with US Dollar.. It is really frightening..

VAVD wrote:

The euro hit an 11 month low against the dollar Tuesday, going below the crucial $1.30 level. And that means we are now at “DEFCON two,” Cramer said.

“We can now expect to see some nationalizations of European banks pretty imminently” he said.

He also expects a series of big downgrades of sovereign nations from the ratings agencies that will force bond yields to go up considerably for troubled countries like Italy and Spain.

“That means a great recession like we had here in 2008 is almost a sure thing for Europe in 2012.”

You're ridiculous !

Franken wrote:

The euro hit an 11 month low against the dollar Tuesday, going below the crucial $1.30 level.

In other words, the Euro is still 30% up versus the introduction parity of 1 to 1 with US Dollar.. It is really frightening..

While talking big about the Euro, what Franken isn't telling you is that this very week

he had to resort to eating his newborn daughter and his ten year old pet goldfish, because he's starving, like all Euros.



And they keep haggling about the exchange rate of their worthless currency.

It would be laughable if it was not so pathetic.

(/mode VAVD off )

--

It's inevitable in Britain. 30 years of deficit spending and credit fuelled consumer spending has to be paid for eventually. We've now reached eventually. No more "put it on the tab". What a fucking stupid way to run a country.


What really pisses me off is that the electorate for 30 years actually thought that it was a good idea. If you take away deficit funded government spending and consumer spending funding from credit, Britain has actually had 30 years of ZERO growth. The majority of the electorate might be that stupid, but surely not the politicians.


We are told that Britain can expect 14 years of austerity; 14 years of lowering living standards. And that is if everything goes to plan. If the Euro collapses then Britain will be in austerity for a generation. At least from now on people will only elect sane intelligent politicos. No more ideologues who only harm us in the long run.

that has gotta be stinging/smarting