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Greeking Out Over Old News - Printable Version

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Greeking Out Over Old News - Sardines - 2011-11-10

Remember this gem happening back in 2006? I sure did.

Someone should have been dropped a very long time ago.

CNN Wrote:In September, Greece announces that its gross domestic product since 2000 has been revised upward by an unheard-of 25 percent. The secret to its newfound wealth?

A change in bookkeeping that adds in the nation's robust black-market industries such as prostitution and money laundering. But becoming "richer" turns out not to be as good as it sounds: The revised GDP figures cost the Greek government as much as $600 million annually in European Union funds earmarked to help poorer nations.

Can someone explain how the value of gold is inversely proportional to the US dollar, yet directly proportional to the Euro?

http://www.thestreet.com/story/11305426/1/gold-prices-struggle-against-a-stronger-dollar.html