constantine
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The Euro...
....is a total joke and it is only central bankers, mbas and so-called "experts" that believe it can mount a challenge to the USD. In some of my less illustrious and most exotic trips in faraway lands, people would only take the greenback. That said the US and the currency are in the proverbial deep pooh. However, the USD is and will remain the only true reserve currency and for now will continue to carry the rather dubious title of "best worst currency". Europe has too many problems and they haven't even started surfacing yet. This monetary union will collapse. It is a matter of time as it has been built on wrong principles.
It Is The Economy
When wavve C of he Bear market hits you will be able to buy things for pennies on the Dollar. This is the first shoe to drop their are more to come Commerical Real Estate, The Dollar and then wait till all the money we have printed hits. Just like Germany...
Thanks for this wonderful post, Nostradamus.
Now I feel better, knowing that I will get all the Pateks of my Dreams for ( almost ) free. This message has been edited by amanico on 2009-05-26 23:49:59
With all the money printed, before of inflation....
... it means go buy anything right now thanks for the advice though, i am sure ur intention are good, but when u really love watches u don't think about it Karim
I'm the biggest bear here...
...but it probably won't be that bad. The fed is printing money like crazy , they have massive swaplines with foreign governments in their respective currencies. Those governments have bought into the kooky idea that everyone needs to work in a united fas...
Cash is king...
but the Euro is quite strong and competes with the Dollar as the world's top currency Cheers
The Euro...
....is a total joke and it is only central bankers, mbas and so-called "experts" that believe it can mount a challenge to the USD. In some of my less illustrious and most exotic trips in faraway lands, people would only take the greenback. That said the U...
I would disagree...
for eg the Euro as been much stronger than the US dollar for more than five years Moreover the shape of the European economy is quite decent (if you compare it with the global economy) European companies have solid foundations. Lets take the banks and the...
wow,some decently strong words here...
Your comment - no idea why we are discussing this here on a watch site,but as is is dedicated to Patek Philippe,this unfortunately might be not really be by chance..- and Your words are well taken,but perhaps future will prove other countries and currenci...
Lutz
Your point is well taken, but 'planning one's portfolio' certainly isn't meant to imply a lack of caring or empathy for your fellow man and isn't done to look down one's nose at those who didn't plan themselves. If none of us consider the absolute worst i...