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What the €-Prompt…

When I stated 3 days ago that things would look grim but yet okay,I was wrong.
Today the stock markets have lost another 4 to 7% of their value. The market is
really upset and no one can deny it. Even the currencies have gone crazy as
hell. Was the Euro at 1.09 this morning, it lost until 1.05 at the current time.

So how deep will the markets plummet at last. In 2008 where the first recession has started, we have seen a similar dropdown of the markets. While in 2009 and 2010 no one thought, a so-called double-dip would occur, we can say, the second recession has already started and the future is uncertain at the moment. But one thing is for sure… it looks grim!

This was in the morning at 11a.m. where the Euro made his first dip…

6 hours later, the Euro (and the other currencies also) reached new low records against the Swiss Franc

And the next shock at exactly 6.11p.m. – What the heck is going on?!

August 9, 2011 Netspark - 1592 posts - Member since: May 9th, 2011 No Comments »

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FILED UNDER :Curiosities , Economy&Finance , News
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