Chart - Euro priced in US$ from FT. The words falling off a cliff spring to mind. Click chart.
Not writing any politics for a day or two. Run out of steam. Busy with other things. How many excuses do I need?
Markets are starting to twig that Germany isn't interested in bailing out the PIGS. All holy hell is commencing. If you hold Euros and Sterling, flip to the US$ or Yen is what I'm being told to do. The sham of European Unity has not been faced up to by politicians so the markets are doing it for them.
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6 comments:
Not sure the $ is anything to get excited about. Longer term RMB or Swiss Francs are what I'm told but paper currencies ain't the best place to be so I'm told..
Alex
http://scotlandunspun.blogspot.com
Thanks Alex. Who knows?
Not the US $
Not in a month of Sundays
http://bit.ly/dbcZro
Brief and bleak post from John Robb. Wish he was wrong more often.
Brian, the argument that globalised markets destroy either sovereignty or democracy seems unnecessarily negative. Democracy and sovereignty reinforce each other. Lose sovereignty and democracy is lost. Democracy sits on sovereignty, as it were.
Thriving democracy protects property rights and reinforces the rule of law. As supranational organisations get too powerful they cripple trade, sovereignty and democracy. I see no natural conflict - rather the opposite.
You should have some gold(mining stocks and ,say SPDR's)
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