Posted just for the quote I bolded. It's a keeper!
NOVEMBER 1, 2011, 12:39 P.M. ET
Euro Tumbles on Greek Move
BY DEBORAH LEVINE AND WILLIAM L. WATTS, wsj.com
NEW YORK—The euro fell to its lowest level against the dollar in almost a month, giving up all the gains from last week's debt deal, as the decision by Greece's prime minister to seek a referendum on the country's latest bailout resurrected fears that the European debt crisis could spiral out of control.
"We are all in utter despair at the way Europe's political leaders dream up new ways to disappoint us," said Kit Juckes, head of foreign exchange strategy at Société Génrale.
The euro fell to $1.3687 in midday trade Tuesday, down from $1.3859 late Monday.
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"This latest development has further undermined confidence in the euro zone's ability to reach an agreement amongst member states when individuals act unexpectedly and unilaterally, to say nothing of the potential systemic risks," said Sue Trinh, senior currency strategist at RBC Capital Markets.
http://online.wsj.com/article/SB10001424052970204394804577011533768693146.html?mod=WSJ_hp_LEFTTopStories
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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