For everyone that follows the eurozone stock symbol FXE, it is a disaster and FXE may hit $119.00 or lower within 45-60 days. There has been riots in multiple countries in the past few months and a starting recession growing as the USA first did in 07-08, which is bad for Europe.
The Eurozone has a wide loss of jobs in every country and growing protests regarding the lack of money from the hard working pension people in Europe and students. Countries that have went bankrupt and needed money are Ireland and Greece for now, as Spain and Portugal will soon be in line asking for money within 30-60 days is my opinion.
Then the issue remains, americans are not getting the right information about Europe now on American TV, so we think Eurozone currency will be okay, I think it will fall off a the exchange in 2 years.
Travel to Europe and see yourself, as its doomed like USA was in 2007-2008, as Europe is right in that situation now, so when Americans short the Euro, like Europeans did to USA, what will happen to the Euro on top of everything else?
Europe has major problems, especially with threats from terrorists as well, such as the threat to France on 10-02-10 when I was in Paris combined with a lack of good security, could cause a major fall on the Euro Currency if that God for Bid happen in any country. If a terrorist attacked europe in 2011, would add a 10-20 point drop alone., look at USA 9-11 hit on our markets!
I am writing from the USA, with a recent tour of Europe in 10-2010 spending 30 days with my wife in Italy, France, Spain and Amsterdam and noticed that the economies in those countries, were like the USA’s economy, once our recession first hit.
I will say this, I believe what Obama is doing what he has to . as he had a major deficit on his hands from Bush, spending money is good, as you need to spend money and print money to save your ecomony and create jobs.
So with UK and Europe not doing that in their own countries and removing jobs, their only making their recovery 3 times longer now, till 2015-2020 UK. Especially UK and Cameron, with his ” Queen “ like dictatorship on Skynews.com clips, this will cause both currencies to fall 20-40% next 16 months or more, each one.
On all my posts I write about, I own shares on the given issue and this is my opinion, from countless hours of research daily, on www.cnbc.com www.skynews.com and related Europe UK markets and viable online news sites.