Saturday, April 24, 2010

GREEK CRISIS IS OPPORTUNITY FOR AMERICANS TO BUY EUROS...

I would love to see the Euro go to par on the US Dollar...  I really don't see any justification for the Euro and the Pound to be selling at that much of a premium over the dollar...  

But a weak dollar has been FED policy for some time...  I mean...zero interest rats...?  For what...!  Its not as if the American economy is a major exporter...

A pint of warm ale in London can cost 5 or 6 UK pounds...which is $8 or $9 dollars depending on your exchange rate...

Europe is highly over valued...as any American tourist knows...    Put the Euro at par ...and I'm stocking up...