But guess what. The Europeans are spineless servants of the US. It's even worse there. You think Americans are spoiled because they borrow too much money? The French borrow just as much, and work 34 hour weeks and take month long vacations. Talk about being spoiled. Inflation is far worse in Euro zone than in the US.
Who else? Japan? C'mon.
Chinese yuan actually might be a contender, but the Chinese are not gonna let yuan appreciate too much against the dollar. Maybe a few percent for show. Anything more than that and Chinese goods are too expensive. And what with the trillion dollars they hold? They are just gonna let it evaporate?
So.... dollar sucks. Euro sucks more. Japan has been dead for two decades. China will legislate its currency.
Equity Futures Moving Higher [View article]
Dollar sucks. US economy sucks. US masters suck.
But guess what. The Europeans are spineless servants of the US. It's even worse there. You think Americans are spoiled because they borrow too much money? The French borrow just as much, and work 34 hour weeks and take month long vacations. Talk about being spoiled. Inflation is far worse in Euro zone than in the US.
Who else? Japan? C'mon.
Chinese yuan actually might be a contender, but the Chinese are not gonna let yuan appreciate too much against the dollar. Maybe a few percent for show. Anything more than that and Chinese goods are too expensive. And what with the trillion dollars they hold? They are just gonna let it evaporate?
So.... dollar sucks. Euro sucks more. Japan has been dead for two decades. China will legislate its currency.
The dollar is dead, long live the dollar!
Tuesday Outlook: Commodities, Emerging Markets [View article]
But, seems like to me, Dave has capitulated. He thinks the world has ended. Even an upturn is not gonna be a real upturn.
Hm.... and he is not the only one.