From where I stand now, this whole Euro falling thing is a bit of a weak case.
The unexpected rush back into US dollars is said to be predicated on the fact that Europe doesn't have a central bank/fed that can act for of the countries over there like our fed can do here.
And so the case is being made that they're having to bail out banks on a country by country and bank by bank basis. But.....!!!
In a sense, this seems to me to be at least roughly the same scenario as was tried here with Freddie/Fannie/and AIG which is infinitely better for the taxpayers over the bill they're trying to pass here now.
And it's almost like an alternative, and imo a superior experiment is being continued over there in the AIG model.
Now, if it turns out as I suspect it might, that that model does work better than ours that the flight from the Euro and to the Dollar could reverse very quickly...and if VERY successful, could reverse the DEFLATIONARY trend just as quickly.
So...imo, we need to keep as close an eye on the European situation as the US situation and their respective progress and consequences.
Now the banks here and Wall Street would MUCH PREFER the way it's attempting to get done here because they will be bailed out, enabled to continue in their evil ways, and the taxpayers will shoulder this trillion dollar+ mess.
So don't expect to get as much info on the Euro situation because I think it'll be quashed as much as possible by the powers that exist here. And even if it does work over there, it may be too late for us here by the time we find out.
News 
Market Data 
Discover 
AI
