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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: sea_biscuit who wrote (70648)10/30/2007 3:16:54 AM
From: mishedlo  Read Replies (1) of 116555
 
In that case, if I wanted a hotel room 2 years later, I am better off saving up in Euros, rather than in USD. That is the point.

You are assuming Euros rise for another two years vs the dollar. That is by no means a given. In fact I bet two years from now the dollar rises vs the Euro.

The Yen is another matter.
Mish
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