The British Pound is down from $1.70 US to #1.50 US and the Euro is down from $1.40 US to $1.15 US.
"The deflation is Europe is massive. This will
eventually stimulate the capital flows to the dollar. You can see today as the
Euro declines, the US share market is rising moderately. We seem to be headed
into the next two weeks that will be a period of rising stress. The higher the
dollar is driven, the more likely we will see the US economy turn down with
2015.75."
http://armstrongeconomics.com/2015/01/22/beware-the-british-pound/
http://armstrongeconomics.com/2015/01/22/26471/
Comments
It looks like we will be back in a recession just in time
for the 2016 election cycle. As the dollar surges exports will become difficult
for US manufacturers and oil may crumble below $30/bbl. Layoffs are already spiking in the oil
producing states (Texas, N.D., etc.) and a manufacturing index for the
Southeast plummeted below 50 last week, which indicates a developing
recession.
Obama's last year in office may resemble Bush II - full of
crises and weekend meetings to put out financial fires.
I expect both parties to deny it and stick to their scripted
propaganda that "all is well" until we get the kind of volatility we
saw back in 2008. At that point the jig
is up. "May you live in interesting times" - old Chinese proverb - Chris
Peters
It will be time again to vacation in Europe if the airfares go down. - Norb Leahy, Dunwoody GA Tea Party Leader
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