Tuesday, February 17, 2009
The Euro Looks Awful
Investors think the US has problems? Look at Europe, they spent entirely too long waiting to cut rates. They seem to be a little preoccupied with inflation when deflation seems to be the short term problem. The US should lead the world out of this, but don't forget China as they saved all that cash just for something like now. It was not long ago that the US dollar was half that of the Euro and now its 1=.79. This number could reach parity.
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