Nov

22

 A debt-reduction committee with special powers that was supposed to dissolve congressional gridlock in Washington is instead on the brink of failure, setting the stage for $1.2 trillion in automatic spending cuts.

Finally. Hopefully the US will show the Europeans that solving the economy problems by just issuing new debt is not an option. Markets have just reacted printing higher prices for EURUSD. It seems that the Euro continues to be relatively strong despite the situation in Europe.

How long can the markets be blind and not see the obvious?

Signed,

a frustrated short on the Euro.


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