why the DAX has been unstoppable .....
consider the case where Germany leaves the euro at 1 new DM = I euro.
then expect the currency spread to widen.
then consider what 1 new DM = 2 euros implies ....
German company debt is mainly in euros. So the implication is that the German company debt liability has lost half its purchasing power. but a lot of German company income is not in euros.
then consider what 1 new DM = 4 euros implies.
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |