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.
Hmmmmm.
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.
Hmmmmm.
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.
Hmmmmm.
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