Some of the most important things are quite simple at the heart of them, or at least have simple factors working on them ... one being, currencies historically tend to overshoot on major moves, they have no happy medium at which they hang around ... another, that USians don't have a monopoly on the sorts of issues that degrade currencies - parts of the EU have pretty drastic numbers, and not just the PIGS either, i think it's dear old dankenswert Deutschland that has highest per capita govt debt? ... think you're probably right though, usd could likely bounce against the euro before long, also against loonies, which matters more to me, still not all that much
What matters, is that metals both precious and base, along with other realities, rise against all of the fiat constructs ... and they're doing that, fits and starts but pretty steadily over time for ten years now - stockcharts.com |
