The Pound/Euro Trade Defies Gravity

Human beings must have action; and they will make it if they cannot find it. --Albert Einstein

Last month, I wrote that that the pound/euro trade relationship appears to be having a hard time deciding which way to go. Despite the U.K. being in a double-dip recession, the pound has been notably strong relative to the euro as money flees for safe-haven countries, which have the ability to initiate various forms of quantitative easing. The idea is that so long as a central bank has the will and means to buy government debt by simply turning on the printing press, any money invested with the government independent of actual debt is "safe."...214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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