junkyarddog

The U.S. Dollar: A Six Month Outlook

Which one you prefer:

a) have a job WITH inflation
b) be unemployed with ZERO or low inflation

The world is not as black and white as my 2 choices above, but let's simplify things for the sake of argument. I'd prefer "a", as in 'b" I won't buy oil...sure... but I won't be paying my mortgage either.

One can pump up all he wants ECB, but what good is a strong EURO under a collapsing or recessionary economy? The "independence" the author mentions above from central banks and goverment might be good on paper, but how effective is to have a monetary policy APART from a fiscal policy?

Many analysts argue that the EURO will flop simply because of this reasons. Of course, you and I know analysts are never wrong... but in this case the contrarian point ought to be at least thought provoking. Time will tell.