Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (1747)	1/14/2001 10:07:05 PM
From: Street Hawk	Read Replies (3) of 74559

I would never invest in the euro. If you look at the component countries, I would consider too many of them unworthy of depositing money into. There are too many big basket cases like Spain, Italy, etc dragging down the bloated ship. Italy has too many mafia problems, almost Russia like in that respect. Spain's unemployment rate is a farce and those long siestas during the work day just don't cut it. The EU can't even agree on what language they're going to use. Swiss francs and German marks used to be strong currencies, but now they are tied to the EU, its not worth investing there imo. Its really a battle of the unarmed soldiers nowadays, as Fleck would put it. Between the US $, the yen, and the euro, nothing really stands out as being a good place to park your money into. The US $ has too much supply(expanding greatly now) plus big trade deficit, the yen is linked to a weak economy, and the euro is linked to some questionable countries.

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