Wednesday, 21 October 2009

and the EURO takes it all!

Obviously the EURO is currently loosing the fight of the economies in trouble (which one is not?) of trying to import inflation (i.e. reducing debt) and export goods (i.e. economic growth); the easiest way to achieve both is weakening the own currency; by coincidence (?!) all major and not-so-majorcurrencies are on the same trip, some more successful like $ and RMB thanothers.

Not that it would make a big difference but setting the EURO rules did definitely not include a strategy out of a global economic disaster other than an automated destruction.

The result is going to beat 1929.

Carpe diem!


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