The euro WILL continue to fall. Three reasons.


1) The Grexit rumor mill. Even Angie Merkel has admitted Greece may leave the euro. EC clowns in Brussels though still insist being in the euro is “irrevocable”.

2) Deflation is coming. Hard.

3) The BCE is getting ready to impose – what else – QE. By buying the debts of some member countries, the BCE assures very low financing costs, helping exports and pushing the euro further down.

When the ruble was falling against the US dollar, the whole Russian economy was about to implode in the next few hours. When the euro goes down against the US dollar, it’s just an “adjustment”. So file all this also under the “what a bunch of wankers” department.

Share on FacebookTweet about this on TwitterEmail this to someonePin on PinterestShare on Google+Share on TumblrDigg thisBuffer this pageShare on StumbleUponFlattr the authorShare on RedditPrint this pageShare on LinkedIn