Tuesday, December 13, 2011

1.242 EUR/USD

1.242 "Street" may be the important level to watch now.

No big deal, the 1.242 ratio would simply get the planet back to the start of the Ben Bernanke "printing press monopoly" syndrome.

Of course, all the banks will be worthless by then because they took on way-too-much additional risk with your "real" money (currency).

Oh well, economics is economics. Sometimes the stupid are as the stupid do.