FastSaying
We call this process the Death Spiral.
Carl B. Weinberg
Call
Death
Process
Spiral
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If the euro does tumble again -- and we think it will -- we must expect the ECB to orchestrate another round of currency intervention.
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With less credit available, less growth is possible. So we are looking at a bad situation here that we fear can only get worse.
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We do not see any fundamentals strong enough to keep it up there --unless there is a lot of intervention with other governments joining in. We expect the move will fail.
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