Yesterday, while we were honoring the fallen soldiers of today and yesteryear, the Europeans were knocking the stuffing out of the euro (EUR) once again… This time, it was a story that spread like wildfire regarding the Eurozone economy not being able to have strong growth, because of all their austerity measures. Now… Come on boys! First you slam the euro’s fingers in the door (OUCH!) for not cutting deficit spending in a few countries, and when they do show a willingness to cut deficit spending, you pull the ruler out and smack the euro right across the wrist!
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Bailing On a Canadian Dollar Rate Hike?
So, it looks to me that all my warnings about the euro (EUR) not being out of the woods just yet, were bang on… You see the “heatâ€� is back on the Eurozone’s debt problems, which is strange in that there were two successful bond auctions by member countries last week… You see, to me this is nothing more than the old saying about when the US sneezes the rest of the world gets a cold, is coming into play right now.
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