The hits just keep coming for the euro (EUR)… As often as the Beatles put them out from 1963 to 1970, or Elton John put them out in the ’70s…
Well… It’s the same for the euro… Just when it looked as though the euro might survive a day without being taken to the woodshed… The Eurozone officials just couldn’t stand the prosperity! (And I use that word loosely!) German Chancellor Angela Merkel made some proposals to gain control over “destructive” financial markets… Her first move was to place a ban on naked short-selling.
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FOMC Puts $2 Trillion Floor On the Balance Sheet
The dollar is flying high this morning, as the knee-jerk reaction to the FOMC announcement yesterday didn’t last long. Let me explain… The FOMC statement was full of things that could be taken two different ways, but the first way it was taken was that the cartel would exit its reversal plans and implement a form of quantitative easing (QE)… I call it QE Light… Less filling…
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