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03-02-2010

EVIL HEDGEFUNDS 

The story about Soros and Cohen conspiring to ruin the Euro is nonsense at its best.

Cohen is famous for his stocktrading. And apart from that the Euro started at 1,24 against the USD, now the quote is 1,35.

But in general I think it is common sense to expect a weakening Euro. Greece has always been lying about its financial situation and their membership has to be seen as a political idea - NATO, Cyprus and Communism as the main reasons behind it.

Additionally Europe is by far more concentrating on raising taxes and establishing laws against economic freedom, so it is not really an evil conspiracy against the Euro.

Since these pages are intended to show a track record and not my musings about finances and politics, you can find my archived comments on seekingalpha (links).

I strongly remind the readers of these pages of the disclaimer and I insist that you understand, that statements about financial developements on these pages are purely my own opinion and not a recommandation.