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  • The Euro Bubble Is Gone. It Will Not Reflate.  [View article]
    Bubbles do not reinflate?

    UK housing prices.
    California housing prices.

    Currencies....USD was at $1.45 per GBP in 2001, got to $2.11 in 2008 and "crashed"/gained again to $1.45 in 2008. BPS "inflated" in between. Now what -- if the USD is trashed with $7.6 trillion in overhang -- what will happen vs. the GBP and EUR?

    My take, EUR will become more a currency of "choice" in a multi-polar world.
    Nov 27 06:55 am |Rating: 0 0
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