Quote:
Originally Posted by RummyBoy
Draghi Commits to Trillion-Euro QE Plan in Deflation Fight - Bloomberg
If I were in the Euro Zone right now, I would be swiftly taking my ass to the FX exchange to buy US Dollars (the "All American Currency" will be as sweet as an "All American Milkshake" which I had earlier today) because the all European currency is headed for the shitter over the next year..... parity with USD now looks very possible.
USD is going to be king.... It's too late to buy some Swiss Francs, so id probably have a secondary with Chinese RMB. Id also have at least 10% of my cash in gold & silver.
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You realise that what ECB does now, is what FED has been doing for long time with much bigger quantities and is somewhat still doing?
Also, currency trading is one thing, and actually converting euros to physical USD dollars is another. And why not sell US stocks and to buy European stocks? Stocks did already rise. The currency rate change is not that much anyways that bying US stocks now and selling those later, would be that good idea.