“Said otherwise, stick a fork in the euro, it’s done.”
It’s Baaack: FT Deutschland Pronounces Deutsche Mark’s Return, Prices Itself At 4.11 DM
by Tyler Durden
Curious what the talking heads will be discussing all weekend parallel to the joke that is the European Summit #1, not to be confused with summit #666? Here is the answer, courtesy of the FT Deutschland, where not too subtly, right next to a lede saying “the Euro rescue has turned into a farce”, the publication has for the first time, set its price not in zEURo.qq but in Paul Tudor Jones’ favorite currency: the Deutsche Mark, or 4.11 DM to be precise. And courtesy of the FTD, we now know the When Issued exchange rate for the EURDEM is: 1.95, the same as was locked at the EUR inception. Said otherwise, stick a fork in the euro, it’s done.