2010-05-25

Euro is the key

At different times, there's a dominant theme that is either responsible for or a result of the major economic forces in play. Right now, the issue is deflation and how European nations deal with the "euro standard", which functions in some ways similarly to the gold standard, in that the nations cannot individually choose to print money. In the early 1930s, it was European sovereign defaults that triggered the second leg of the global decline, a move that made the depression Great. Once again, European sovereign debt is at the center of attention...

Still holding EUO...

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