Forget the Euro: Focus on the Real
"You can't depend on your eyes when your imagination is out of focus." - Mark Twain
Here on Real Money Pro, I have often mentioned my belief that the best way to bet against Europe is actually to play against emerging market currencies. My reasoning relates to the idea that a slowdown in Europe will force emerging market central banks to cut rates in an effort to jolt weakening demand for exports. Declining interest rates weaken currencies, which can help offset the price sensitivity that is afflicting the eurozone. Furthermore, when it comes to emerging market monetary action, there are fewer cooks spoiling the pot, which allows for faster stimulus decisions....161 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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