USA exported its whiteman bloated currency to the other whiteman continent
from dollar to euro
this overvalued currency problem will become a massive hot potato
so far the Asians have avoided accepting the hot potato
that is about to change
when the euro is done rising, maybe after hitting 120 or 125 or 130, dunno exactly
anyway, when it is done rising, I think the yen will take its turn on the destructive currency highway
the EuroZone will see recession now more widely
I know Germany is in recession
I read of two other nations also
were they Denmark and Italy?
Germany is the bigboy in recession, hurting the whole EU
such is the consequence of the ECB not playing the wreckless game exercised by the Bank of Japan is killing their currency
instead, EU will cull bad branches and overly indebted entities, shedding jobs bigtime when unemploymt is already about 10%
Japan will have its turn
I predict the JYen will rise toward 100 parity before the jonquils and daffodils rise next spring
just a quick 3-yr look at the JYen to see a massive Head & Shoulders bull pattern, with a noticeable bullish triangle on the Right Shoulder for a breakout
stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
by Labor Day I expect the JYen to break out upside
that is my major call for the rest of this year
so many things have to happen, pre-ordained, inevitable
JYen rises, imported inflation, CPI rises, longterm TBond yield rises, mortgage rates rise, real estate falters
/ jim |
