Saturday, February 13, 2010

A Change In Perspective

The Euro view today:

The Euro view circa 2005:


  1. Yes, the Euro is toast, and so wil soon be some of the respective governments, nose up in the air.

  2. Right, at 1.36 Dollar per Euro the Euro is toast. The old caricature was nonsense, the new one is nonsense.

    As soon as France or Germany have a current account deficit or budget deficit similar to the UK or US, we can talk. Greece simply doesn't matters.