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2007-12-31 Home Front Economy

Euro gains on dollar in official reserves

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Posted by lotp 2007-12-31 00:00|| || Front Page|| [4 views ] Top

#1 The $USD is still holding the .68 Euro and 110 Yen levels, indicating that the cycle of diversification out of the dollar is decelerating.

There is no doubt that the Euro is still gaining credibility vs. the dollar as a viable alternative currency worldwide. Expect those gains to continue until the U.S. federal budget and trade deficits are significantly decreased.

Posted by Huperens Smith5636 2007-12-31 05:23|| 2007-12-31 05:23|| Front Page Top

#2 There is no doubt that the Euro is still gaining credibility vs. the dollar as a viable alternative currency worldwide. Expect those gains to continue until the U.S. federal budget and trade deficits are significantly decreased.

Right. That'll be done when the Donks get full control and gut Defense, finally forcing the US out of defense pacts and retreating from global involvement. When the troops come home, the Euros will find their own budgets busted as they scramble to attempt to even try to make up a portion of that for their own security. Papers and committees are not going to stop the 'boom'. No bucks, no defense. Meanwhile, the smart money will reposition itself back in the US which will be seen for its real secure environment vice that of currency speculators' games done previously under the pre-withdraw environment. Make my day.

Posted by Procopius2k 2007-12-31 09:14|| 2007-12-31 09:14|| Front Page Top

#3 Agreed, procopius. The issue is how many controlling interests in key corporations and financial institutions the oil ticks are able to purchase before then due to the weak dollar.

Posted by lotp 2007-12-31 10:16|| 2007-12-31 10:16|| Front Page Top

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