You know, I’ve been suspicious of the Euro currency all along, and do not care for it at all, it’s a complete contrivance.
However, it appears to me that the shrill warnings do not match up with the behavior of exchange rates. Friday close, Euro was approximately $1.32. Trending down but nothing extraordinary, a seven week low.
I’ve always thought it pays to watch what people do and not what they say, especially politicians and businessmen. There’s a big apparent disconnect right now. That could all change rapidly, but as of now it does not look like the money is on a Euro collapse.
The fact that the dollar is not going down much relative to the dollar may just mean that the traders are not impressed with the dollar either. The financial storm, when it comes, will be global.
The fact that the dollar is not going down much relative to the EURO may just mean that the traders are not impressed with the dollar either. The financial storm, when it comes, will be global.
Your guess is as good as mine! We’re just a couple of ants, trying to predict the behaviour of elephant herds on the horizon.