Euro 'will be dead in five years' -- Telegraph

[Jinnah]

The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph.

The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey – the first major wide-ranging litmus test of economic opinion in the City since the election. The findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office.

 

[gambit]

Did a bunch of people here a while back recommended moving their investments to the euro?

 

[Thomas]

Did a bunch of people here a while back recommended moving their investments to the euro?

Doesn't bode well for China since they hold around 630 Billion in Euro bonds.

 

[Cheetah786]

Did a bunch of people here a while back recommended moving their investments to the euro?

June 4 (Bloomberg) -- President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world’s largest economy to expand at a slower pace than the 3.2 percent average during the past five decades.

“Over the long term, interest rates on government debt will likely have to rise to attract investors,” said Hiroki Shimazu, a market economist in Tokyo at Nikko Cordial Securities Inc., a unit of Japan’s third-largest publicly traded bank. “That will be a big burden on the government and the people.”

Gross, who runs the world’s largest mutual fund at Pacific Investment Management Co. in Newport Beach, California, said in his June outlook report that “the debt super cycle trend” suggests U.S. economic growth won’t be enough to support the borrowings “if real interest rates were ever to go up instead of down.”

Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds because of prospects interest rates will rise as the U.S. borrows unprecedented amounts. Obama is borrowing record amounts to fund spending programs to help the economy recover from its longest recession since the 1930s.

“The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury,” Boston-based Fuss said. “Do you really want to buy the debt of the biggest issuer?”
U.S.?s $13 Trillion Debt Poised to Overtake GDP: Chart of Day - Bloomberg.com

Where do u think people should go Now?

 

[fire]

Surely, hard time for world economy ahead. There are news of Hungary in Economic crisis after Greece.

 

[Thomas]

also means that the dollar will still reign supreme with OPEC.

 

[gambit]

Did a bunch of people here a while back recommended moving their investments to the euro?

June 4 (Bloomberg) -- President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

<snipped>

“The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury,” Boston-based Fuss said. “Do you really want to buy the debt of the biggest issuer?”
U.S.?s $13 Trillion Debt Poised to Overtake GDP: Chart of Day - Bloomberg.com

Where do u think people should go Now?

My 'advice' is for those who advocated moving their investments to the euro to keep the course. To keep their money in the euro, even after it is gone. After all, sticking it to Uncle Sam should take priority over common sense, eh?

 

[Hyde]

2 similar threads ....... please merge

http://www.defence.pk/forums/world-affairs/60860-euro-will-dead-five-years-experts.html

 

[najamkhan]

i dont think so and such are negative expectations