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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (38042)8/7/2005 3:36:09 PM
From: futures speculator  Read Replies (1) | Respond to of 110194
 
it makes all the difference. it means the zeuro is DOA. read the latest issue of Grant's.

All I'm saying is that a lot of what you read in mainstream media in US (e.g. FauxNews), i.e. Orwellian Ministry of Truth, is pure propaganda/crap. Nowadays they don't even pretend to look legit. Have a look at BBC to see the difference.

I don't underestimate the power of this propaganda though. And that if enough people believe it, it can become "reality", esp. in investing (the paradigm that "stockmarket is a beauty contest, where you don't vote for the most beautiful girl, but the girl that others are likely to vote for")

As long as many people, especially in the US, perceive the Euro as a non-alternative and stick to USD as "the lesser of two evils", this is fine. Otherwise we could face a "inorderly correction of imbalances" (i.e. dollar crash) that many fear.