In every way, it reminded me of our own irrational investment in the stock market years ago
They used to say the same thing about 1929. It's that little blip in the lower left corner of the chart.
I always said the Euro had nothing to really back it up.
In every way, it reminded me of our own irrational investment in the stock market years ago.
and our current real estate price bubble.
its fashionable to trash europe, and I understand it from a political viewpoint. but the US has many of the same economic challenges hurting europe, because of free trade and globalism depressing wages and stripping industries that once provided middle class jobs, sending them offshore.
the thread running now with the thomas friedman article is worth taking a look at.
I've been saying the same thing to friends looking to dump the US dollar. I don't know which of them did, but those that did have to be a bit more nervous than if they had left the status quo.
Guy, one might argue that the Euro has been back up with massive amounts of U.S. envy.
As an aside (and this is NOT investment advice) I'm wondering if this might be a good time to consider investing in the dollar? Or perhaps a "put" against the Euro?
JMHO. Always discuss all investments with investment advisor, physician, and spiritual consultant. Look before you leap (and then take the elevator).
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In every way, it reminded me of our own irrational investment in the stock market years ago
They used to say the same thing about 1929. It's that little blip in the lower left corner of the chart.