OUR DEBT FEEDS THE NEED (via Luciferous):

Euro May Decline for a Fourth Day as French Rioting Escalates (Bloomberg, 11/08/05)

The euro may weaken for a fourth day against the dollar in Asia on concern rioting that has escalated in France over the past week will spread across Europe.

Social disorder may damp economic growth and deter investment in euro-denominated assets. The riots, which entered their 11th night, mark the longest stretch of urban violence in Europe's second-largest economy since the student uprising in 1968.

``The riots are spreading across France and into Germany and Belgium, bringing about huge adverse effects on the euro,'' said Michiyoshi Kato, a vice president of foreign exchange sales in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-biggest lender by assets. ``Acts of violence will surely continue to weigh on the euro.''

You gonna move your investment in the euro to oil or China?

Posted by Orrin Judd at November 8, 2005 5:07 PM