if i understand correctly, this latest move up in the markets is
being fueled by the assertion that europe is going monetize some
debt. print money like the fed did. the effect of doing
this "quantitative easing" weakened the dollar. why when
europe does the same does it strengthen their currency?
markets
Posted by biscuit on 14th of Oct 2011 at 08:38 am
if i understand correctly, this latest move up in the markets is being fueled by the assertion that europe is going monetize some debt. print money like the fed did. the effect of doing this "quantitative easing" weakened the dollar. why when europe does the same does it strengthen their currency?
You beat me to it!
Posted by sankaty on 14th of Oct 2011 at 09:48 am
I was thinking the same yesterday. Irrational markets, cubed.