Dollar or Euro Devaluation?

Only those continuing to live in a land of illusion cab believe that the US dollar is in better condition than the euro. Indeed all the financial and budgetary indicators suggest it is the United Sates and the dollar that is destined to decline in relative value the moment the markets wake up to the real facts. The only question is how long the markets can continue to fool themselves. Possibly too long ... until a crisis of confidence inevitably brings the house down ... as those participationg in finacial markets too often favour, indeed cling to, their self-serving illusions.


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http://online.wsj.com/article/SB10001424052748703745904575247902544445326.html?mod=WSJEUROPE_hps_MIDDLETopStories#articleTabs%3Dcomments