Tuesday, May 4, 2010  EUR/USD will break 1.30 soon!
bubbleRefuge said...  Mike you've got to exploit this baby. You
called it. Where is peter schiff?  Mike Norman said...  Yeah,
where is Schiff?  googleheim said...  If we hit parity, is it
time for a new reserve currency afterall ?  How does this fair
China ?  China will now take it's part II of scooping up
companies and use their Tbills to go shopping in Europe ?  So
much for an asian tiger meltdown part II.  we know that the ECB
has the power to create Euros and spend them in Portugal and
Greece. They however are not doing so.  That means they are
doing a different trick. Hyperdeflation while smoke screen plays
about hyperinflation.  They will point inward with a deflated
Euro so that they can prevent capital flight by pointing their
finger outside claiming how expensive the U$D is.  It is a
matter of relative perspective.  WHich chinese companies are
ready to pounce and buy up European companies ?  The only thing
that can protect EU is their socialism.