Follow The Bottom Violation
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Mar
9
Euro Vs. the Dollar: It’s All Greek to Me
This technical analysis video of the euro vs. the dollar shows exactly what you’d expect after the Greek financial crisis — a weaking euro, and a strengthening dollar.
It’s always so funny to see fundamental and technical analyses of these two currencies. Inflation is inflation — pure and simple. It’s like watching a bird try to take off in a hurricane. I’m not much of a trader, but I suppose, theoretically, one could profit from short-term swings in the relative positions of the euro and the dollar. But why? Just short the hell out of them. They’re both going to fail.
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Disclosures: Paco is long TBT, UCO, and gold. He also holds U.S. dollars by necessity, pending the advent of private gold-backed currencies.
You can buy his novel Discipline wherever books are sold.
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