Man, if she keeps this up, Mr. Sarkozy is in danger of losing his top spot as the Eurozone leader most prone to bouts of hyperbole. BERLIN, May 19 (Reuters) – The euro is in danger, German Chancellor Angela Merkel said in a speech to parliament on Wednesday. “Every one of us here can fe

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Over the course of this year in my Money and Markets columns I’ve presented some compelling reasons why the euro zone and the euro were in for a life threatening crisis. And despite the general consensus along the way that the problems in Greece were contained and that dips in the euro should

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The euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go. Now I believe a covert policy decision has been made by the European Central Bank (ECB) to use currency d

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Unfortunately the German parliament voted to approve 22.4 billion euro loans for Greece today. The euro bounced on the news. I was hoping of course for lawmakers there to finally drive a stake through the heart of that silly artificial government bungled construct known as the single currency and do

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A heck of a week for the buck so far, right? Granted we still got a lot of time left before it sticks, but the weekly bar on a chart of the US Dollar Index looks rather impressive: An obvious reason is going to be Greece and Eurozone difficulties driving the euro lower and both directly and indirec

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Ah…is Mr. Market finally waking to the systemic global macro threat that was always lingering in the background of Eurozone debt default? “Yes indeed,” he said. There is much talk of the dreaded “C-word” in the financial press this morning—CONTAGION! Keep in mind, if you utter the word c

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Our longer term dollar call for a while now is simply this: The US dollar entered a multi-year bull market after bottoming in March 2008. If that proves correct, it is likely we will witness some major changes in correlations that seemed to be such layups during the US dollar 7-year bear market phas

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General Comments And then there was opportunity. The European Union sinks its own battleship with a 30 billion euro dollar bailout plan. Greece will not need to take this money, and if they do it will be out of the ridiculously beneficial interest rate of 5% and not because they actually need it.

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Have the improved prospects for a Conservative victory in the upcoming British election and the reduced chance of a hung parliament revived the sterling, or has the recovering British economy provided the boost? A little more than a week ago, the pound came within twenty points of its post crash low

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Real recovery may mean gold is due for a little dirt nap: 1) Other real (physical) asset investments in the real economy (land, plant, equipment, etc.), that appear relatively cheap at the beginning of recovery thanks to the impact of recession, compete with gold as an investment class once again. 2

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