Dale, I hope you don't agree with me,I am the lone baffoon at this point. I have to stand on the edge of the cliff by myself. Well the EURO is going to cause great havock,there is no escape clause,every country that joined in,is locked in. They are tighter than a halter top and hot pants on Rosie O'Donnell. There is no wiggle room at all,none whatsoever. If Greenspam is forced to raise rates,the EURO is gonna tank,once it breaks parity there will be a free fall,that is the trigger point for all of Europe. Now the ramifications of a collapse of the EURO are very significant to both China and Japan. If the EURO collapses,China will be forced to devalue.
Everything follows a series of steps,expect to see Russia or Turkey collapse,then the Euro,then Germany,then China devalue,then the US market is going to collapse. This is a possible Pragmatism scenarion,I have never gotten it exactly right,but then I would be NostraHiram.
Hiram |
