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http://moslereconomics.com/2015/11/04/crude-oil-euro-opec-spending-cuts/ "Fundamentally the euro also looks very strong to me, with a large and rising trade surplus vs a rising trade deficit for the US, and negative rates and QE ultimately further remove euro income from the economy likewise fundamentally making it stronger, while higher rates ultimately do the reverse. And deflation *is* a stronger currency, and inflation *is* a weaker currency. Yet the euro has most recently been moving lower on threats from Draghi of lower rates and more QE. So portfolio type selling, until exhausted, continues to dominate even as the fundamentals continue to improve. And there is only one portfolio that can sell indefinitely, and that’s the ECB. And I’ve been assured by all I’ve spoken to that the ECB is not selling euro:"
Good interview of PCR by Stephan Molyneux. PCR does his best to deconstruct the libertarian narrative of "government is the source of economic trouble; is the source of evil."
3 comments:
http://moslereconomics.com/2015/11/04/crude-oil-euro-opec-spending-cuts/
"Fundamentally the euro also looks very strong to me, with a large and rising trade surplus vs a rising trade deficit for the US, and negative rates and QE ultimately further remove euro income from the economy likewise fundamentally making it stronger, while higher rates ultimately do the reverse. And deflation *is* a stronger currency, and inflation *is* a weaker currency. Yet the euro has most recently been moving lower on threats from Draghi of lower rates and more QE. So portfolio type selling, until exhausted, continues to dominate even as the fundamentals continue to improve. And there is only one portfolio that can sell indefinitely, and that’s the ECB. And I’ve been assured by all I’ve spoken to that the ECB is not selling euro:"
WTF is wrong with this guy? Is he still saying this??
Good interview of PCR by Stephan Molyneux. PCR does his best to deconstruct the libertarian narrative of "government is the source of economic trouble; is the source of evil."
https://soundcloud.com/stefan-molyneux/fdr-3137-the-failure-of-capitalism-paul-craig-roberts-debates-stefan-molyneux
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