Tuesday, April 24, 2012

The final round of voting in France will be May 6th with Sorkozy trailing as I am writing this piece.  The recent problems surfacing in the Netherlands will result in further issues for the E.U. over the summer as elections will likely result in further change creating uncertainty.  I decided to purchase UUP-PowerShares DB US Dollar Index Bullish as a play on the collapse of the Euro.  I view the situation as only a “matter of time” and willing to say that the Euro crisis is over a $2 trillion dollar problem and the IMF will likely be involved as the dominos fall over one-by-one under the weight of short-term debt burdens in the banking system and over $1.7 trillion dollars of refinancing needed this year by E.U. members.

No comments:

Post a Comment