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Monday view: Airbus could trigger 'nuclear option' of currency controls
Telegraph.co.uk ^
| 1:59am GMT 27/11/2006
| Ambrose Evans- Pritchard
Posted on 11/28/2006 9:52:38 AM PST by Paleo Conservative
click here to read article
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To: newcthem
The lack of hedge options is shocking.
Unless, of course, Airbus is "COC" (crap-outta-cash).
Now who gets to suffer from this mismanagement?
21
posted on
11/28/2006 11:54:53 AM PST
by
IslandJeff
(FR mail me to be added to the Type I Diabetes ping list)
To: PAR35
Good eye.
The folks using those slides with the nose wheel up and locked are in for a "E" Ticket ride, if they are on pavement.
22
posted on
11/28/2006 1:04:12 PM PST
by
investigateworld
(Abortion stops a beating heart)
To: azhenfud
future Boeing aircraft and GE aircraft engine sales could skyrocket. WILL skyrocket. Trade deficits are self-correcting.
-ccm
23
posted on
11/28/2006 2:16:52 PM PST
by
ccmay
(Too much Law; not enough Order.)
To: Paleo Conservative; Pelham; Toddsterpatriot; ex-Texan; djf; winodog; RobRoy; remember; ...
The EU **COLLECTIVE** at work. Something to ponder if you are, or are thinking about, investing in EU markets.
To: GodGunsGuts
Can we say "suicide?" That's what it would be if the EU instituted currency and capital controls intended to prop up Airbus.
This may be the final straw that demonstrates to the Europeans once and for all how completely flawed the socialist model is. Of course, it won't deter Pelosi and Reid.
To: Brilliant; GodGunsGuts
No, nothing will probably deter those two. But we can hope that the U.S. business lobby keeps their socialist endeavors reigned in at least.
GodGunsGuts: Thanks so much for the ping.
26
posted on
11/28/2006 7:22:58 PM PST
by
Donna Lee Nardo
(DEATH TO ISLAMIC TERRORISTS AND ANIMAL AND CHILD ABUSERS.)
To: Paleo Conservative
This makes too much sense.
To: Paleo Conservative
I should add that a few years ago I wrote to the fellow at Columbia who was said to be the Father of Euro (at that time, at least).
I outlined for him my concerns about the Euro being used, essentially, as an instrument of economic warfare. He dismissed the idea with a confident flourish.
I hadn't envisioned this but can see it's a likely part of the picture.
***
Yet the Sterling has been very strong of late against the dollar. Not quite what one would expect if the Brits were stocking up on $.
To: GodGunsGuts
Yet monetary union is subtly unravelling. French growth fell to zero in the third quarter on sliding exports. Italy is trapped in a downward spiral, doomed by a 20pc currency over-valuation. Fitch and S&P have downgraded its debt to Botswana levels.Quick, diversify into the Euro, before it goes away. LOL!
29
posted on
11/28/2006 9:18:27 PM PST
by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
To: GodGunsGuts
Please add me to your ping list. Thanks.
30
posted on
11/28/2006 9:29:20 PM PST
by
GOPJ
(Muslims wear us down through terrorism.They should be worn down through mockery & criticism-Fjordman)
To: GodGunsGuts
yea can i get on your ping list too
31
posted on
11/29/2006 12:56:14 AM PST
by
traviskicks
(http://www.neoperspectives.com/optimism_nov8th.htm)
To: IslandJeff
And no one at Airbus drew up a contingency plan? That's like whacking a third of the sticker price before the car leaves the factory. Seen it in other EU industries as well. Makes for a mess when the bills come due.
32
posted on
11/29/2006 6:24:19 AM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: Paleo Conservative
Washington should not be allowed export the consequences of its own reckless spending policies through a "beggar-thy-neighbour" devaluation. But its apparently okay for France and its Europals to do just that with their AirBus subsidies and trade barriers. Ditto that for China.
33
posted on
12/20/2006 7:07:02 AM PST
by
Paul Ross
(Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
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