-
The Euro Is A Structural Short As BoJo’s Landslide Victory Ensures The U.K.’s Exit From the E.U.
The Euro is structurally overvalued, and I believe this applies to exchange rates versus the Dollar, Pound and, increasingly importantly, the Chinese Yuan. It is the other European technocrats, the leaders of the ECB—currently headed by former IMF Chief Christine Lagarde—that have exacerbated this situation with negative interest rates. The EU’s benchmark rate, for its deposit facility, has been below zero since June 11, 2014. An older population is likely to form households, meaning less likely to buy big ticket items such as houses and cars, and more likely to save. So, let’s reward Heinrich and Hannah’s ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited 6:20am Dec 16, 2019 3:34am | Edited 6:20am
- The Doji
- | Joined Jan 2014 | Status: Member | 139 Comments
- Comment #2
- Quote
- Dec 16, 2019 5:50am Dec 16, 2019 5:50am
- Ghostship
- | Joined Apr 2018 | Status: Member | 217 Comments
- Comment #3
- Quote
- Dec 16, 2019 6:38am Dec 16, 2019 6:38am
- Brotyboy
- | Joined Jul 2009 | Status: Caldy Bunt | 159 Comments
The dream will never die