Jan

20

 I make an unapologetic forecast that by Friday, the EU thumb-sucking backscratchers in the markets will realize that Draghi must resign.

The emperor has no clothes.

Hello USD/EUR parity.

Stefan Martinek writes:

My unapologetic forecast is that USD/EUR will go below parity and somewhere around 0.6-0.8 German voters will decide to leave the party. Euro is too strong for weak members, and too weak for strong ones — it does not fit anybody. Political will will change and the path of least resistance will change as well. Nothing dramatic will happen at that point. The world will function as usual, Schengen area will stay in place, winter resorts in Alps will be nice and functioning. Most forecast are usually wrong …


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