Short Term Trading Member Forum

[techcharter]

PIIGS and US Dollar

The last couple of sessions the US dollar has rallied sharply after a choppy sideways consolidation. Euro to USD rotation continues.

From an historical view, When England got in financial trouble in the 1930's, the US effectively bailed them out. The rot may never have been flushed from the system over the past 80 years. In fact, it may have spread to the rest of Europe. Germany may be the exception since the loss of WW2 forced them to reset their economy. It's a strong argument that unstable, collapsing financial systems should be allowed to collapse in order for long term stability to return.