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Well, given that the Euro is not falling against the dollar, the one thing he says that I can easily check (that everybody's scared about the Euro and is moving
by Vivtek 15y ago
Well, given that the Euro is not falling against the dollar, the one thing he says that I can easily check (that everybody's scared about the Euro and is moving their money into dollars) is plain false. My assumption is everything else is, too. As Construct says (and as I commented on elsewhere) he's emotionally invested in seeing doom on all sides.
- marcamillion 15y agoI would have to disagree with this: http://finance.yahoo.com/echarts?s=EURUSD=X+Interactive#chart6:symbol=eurusd=x;range=6m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined http://finance.yahoo.com/echarts?s=EURUSD=X+Interactive#char... That's a 6 months chart. From May 2011(1.48 Eur to 1 USD) to today(1.35 Eur to 1 USD), it has been very volatile but generally trending down. So I would say he is right.
- Vivtek 15y agoNow look at the year's chart. That $1.48 was great, but it was probably due to the scare over the creditworthiness of the US - and now that that crisis is past, we're heading back to roughly where the Euro/dollar ratio has been for a couple of years now. I get paid mostly in Euros, and my debts are all in dollars. That makes me emotionally invested, too, but it also means I know what the Euro/dollar ratio is doing all too well.