Saturday, July 09, 2011

Short the Euro?

Mish presents a case for shorting the Euro; briefly, the PIGS countries' populations will revolt at the bank-rescue plans which are being imposed (i.e., Greeks, Italians, Irish don't get to eat.)

Well. If the Euro devalues significantly, the USD becomes expensive in comparison, meaning dollar-denominated US exports fall.

On the other hand, dollar-denominated petroleum becomes very cheap, indeed.


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