Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

Wrong again, within the European Community, Euro dominated stands a market that is reaching 500M folks! Bigger than the entire ole US of A market........Europeans have massive savings, unlike Americans.

SO since they all transact in EUROS, the effect is minimal. And as more oil countries relize they should be getting paid in Euros - the old DEBT BAG US of A is S U N K - worst than the setting sun of Japan.

IT all depends on how you view it. What I see in so many folks post is EVERYONE needs the USA markets, arrogance. Guess again.........they do not.

You see a strong Euro will attract capital, it will drive folks away from dollar assets into Euro assets. I tip my hat to the ECB - playing a very smart card!!! While America follows the Japan model heading to negative rates leading to the fleeing of capital..........

The whole world is headed for recession, the ECB knows this and is more interested in protecting the banking system. Stong currency and low deficit spending keeps the ship on an even keel.

I think the FED has it all wrong, they have no choice - the spendaholics on the Hill are leading them down the path they have to take...........