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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Let us just suppose that ...
- ... in a month time, the core PCE price deflator bottoms out in the US and prints at 0,9 or 1 per cent, or ...
- ... February 9 (or is it 8) Ron Pauls congressional subcommittee (not so all of a sudden) clearly raises an issue with the FED's second mandate, or ...
- ... tomorrow, we have 250 thousand new jons in the US as a headline, or
- ... I know this means nothing to you yet but, still, given the latest FED's statement, we notice that the MARKET disagrees witht the FED, and the 10 year yields are on their way to 3.8%
... would you still go for 2 dollars per Euro?
But the immediate outlook for EUR is bad.
More likely than anything is that the middle east crisis serves as a trigger to collapse the Ezone debt house of cards .
Sugar at 30 yr high, Cotton 150 yr high... aside from that- deflation. Yes & CORE PCE Price index hit ALL TIME LOW ! ! $$
And you think USD could rise? You must be kidding me.
You cannot. End of discourse.
Back down at 1.20 you expected 1.00 (parity). But EUR climbed to 1.40. So you think you got it right?
Then again at 1.30 a month ago you expected 1.27 and 1.20. However EUR climbed to 1.38. So again you got it right?
Come on. You have proven time ana again that you do not know shit.
So stop this chit-chat of yours.
Devaluing USD is inconsequent .
I'll wait for ECB press conference and then sell the last EURUSD long if Trichet blathers along as he always did