EUR

Hmm ok...

Maybe we can discuss some deeper stuff. ;)

Pro Euro:
- ECB price stability mandate which is maintained very well by the ECB
- ECB can't print money like the FED does
- starting to become an alternative to the Dollar as reserve currency

Con Euro:
- PIGS debts problems where the single countries can't just print money or maintain their interest rates by itself
- political incompetence
- the EU doesn't want a strong Euro because of exports
- short time span since introduction

---------------------------

Pro Dollar:
- reserve currency
- single state problems can be maintained much easier by the FED

Con Dollar:
- incredible debts load, the US will not have a balanced budget the next decades
- money printing (QE)
- rates will stay low for a long time
- treasury bubble
- PIGS of the US *g*: California, NY, ...
- the US doesn't want a strong Dollar which hurts exports

Let me just say that NOW the Eurozone is in focus because of their debts. That will change again. The wheel will continue to spin and Japan and the US will be the next to be punished by the markets.

The EU will NOT break up and so won't the Euro. That's just a no go because it would be a real problem for the whole world. As the Euro is already the second most important currency it has become some kind of reserve currency and so the Central Banks already did diversify into it.

That's what I think and I would be very interested in more pros and cons!

Thanks.

Euro trash short covering rally is bringing the mice out of the woodwork...

@Xaron-Im always amazed how you only show up during trash euro short-covering rallies...

German Ifo Business Climate Index is out in 40 min. I am only speculating, could come better than expected, esp as export / mnf led companies had few good months of weaker EUR. Thus, I am looking forward for adding short positions if it advances well into 137

pippedoff, are you buying or selling against $? and also are you on any messengers? would love to interact.