The problem with the Euro was never with Germany or possibly France. It was with everyone else. The Italian industrial producion was the news. That Italy is coping is significant.
That is what we are trading. The Euro is not the Deutchmark although it has traded as such.
We trade what is perceived as a probability of outcome. To think that probabilities do not change as the world moves forward is not trading.
Now if Merkel can convince the German people to subsidize the weak members in Europe then the Euro can go to 1.80
That is what we are trading. The Euro is not the Deutchmark although it has traded as such.
We trade what is perceived as a probability of outcome. To think that probabilities do not change as the world moves forward is not trading.
Now if Merkel can convince the German people to subsidize the weak members in Europe then the Euro can go to 1.80