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A €uro rattrap, wish I knew its context so I could figure out whose neck it’s going to break.
^ I’m not sure, either.
It might refer to contemplated shifts in currency reserves toward the Euro (from the weak USD) at several central banks, particularly Russia’s.
http://www.bloomberg.com/apps/news?pid=20601102&sid=aDu3DS9FADdw
It does refer to the weakening dollar against the Euro.. But what is the bait? Looks like swiss cheese. I don’t get the connection.
^ I think the bait is the use of the Euro as a preferred currency reserve (attractive compared to USD and USD securities) - the trap is the increased leverage that could be then exerted, say, on Russian energy supply.
Just a guess - I’m surely no economist.
I’m not sure what the message is. The spring is wound the wrong way.
OmqR-IV.0 over 14 years ago
A €uro rattrap, wish I knew its context so I could figure out whose neck it’s going to break.
J0D0 over 14 years ago
^ I’m not sure, either.
It might refer to contemplated shifts in currency reserves toward the Euro (from the weak USD) at several central banks, particularly Russia’s.
http://www.bloomberg.com/apps/news?pid=20601102&sid=aDu3DS9FADdw
JerryGorton over 14 years ago
It does refer to the weakening dollar against the Euro.. But what is the bait? Looks like swiss cheese. I don’t get the connection.
J0D0 over 14 years ago
^ I think the bait is the use of the Euro as a preferred currency reserve (attractive compared to USD and USD securities) - the trap is the increased leverage that could be then exerted, say, on Russian energy supply.
Just a guess - I’m surely no economist.
PlainBill over 14 years ago
I’m not sure what the message is. The spring is wound the wrong way.