Sunday, May 16, 2010

Vacation. Germans. Failure of decision making by 3rd parties

I spent the weekend with my wife in Salt Lake, so I took a break from updating the blog. We had a great time and needed the break as the summer season hits up this will be the last break I have before winter time. But back to the news of the day. The euro took at beating and will continue to as the Germans are now (finally) losing faith in the EU.

http://www.timesonline.co.uk/tol/news/world/europe/article7127621.ece

Various analysts saying the euro is finished.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqquuYOAN_sE

I think the euro is the icing on the currency cake, the real cake is going to be the dollar. The USA is in worse shape than Greece, and no one is paying attention to it. It is going to fall, that is for sure, as far as when I do not know, but it will have a final value of wallpaper.

No comments:

Post a Comment