treasuries

The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving demise to euroland's single currency.

I've got a bad feeling about the Euro: the structural imbalances I presented yesterday irrevocably doom the single currency.

Just to recap the cycle and its consequences, here is a chart:

Click here for chart: The Mercantilist Nation - Consumer-Debt Nation Cycle
Full article and chart at: The Euro

The U.S. Dollar is Finally Getting Invited Back to the Investment Party

The buck is up 6% against the euro in the last three weeks. Notwithstanding problems in Greece and Spain, and the attendant complications for the E.U., this is a pretty good performance.

Illustrating an important lesson. Don't count the dollar out too soon.
Full article at: US Dollar