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Different Point of View

By   || June 4, 2010 at 09:41 GMT
|| 7 comments || Add comment

On CNBC today, Economist Warren Mosler, founder and principal of broker/dealer AVM says austerity measures will likely push EUR/USD back to 1.60. Mosl;er says the trend into gold or dollars is nearly over. Hmmmmmmmmmmmmm

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7 Responses to “Different Point of View”

  1. N on June 4th, 2010 09:59 GMT

    maybe he was long at 1.60 and wants price to go up so he can get out at break even :)

  2. Pet on June 4th, 2010 10:02 GMT

    Hi Peter, there is one question – if it will be in 1 months or in 1 year or in 5 years. Pet

  3. tomcat on June 4th, 2010 10:11 GMT

    Sure as soon as he financial market realises that the US also have massive debt problem…whenever that will be…

  4. Blackday on June 4th, 2010 10:12 GMT

    Never say never, no matter how ludicrous it may seem.

  5. Pet on June 4th, 2010 10:20 GMT

    That´s it, Tomcat, you can bring Japan, UK and the result – EUR will be second star after CAD + AUD. Pet

  6. warren mosler on June 4th, 2010 11:52 GMT

    Hi guys, I was interviewed for an hour and a lot of the context was lost.

    It was not a trading call. I would not buy the euro at this time. The chart looks terrible. I’d wait for it to look better technically.

    http://www.moslereconomics.com

  7. Blackday on June 4th, 2010 11:58 GMT

    “Never say never, no matter how ludicrous it may seem.” Blackday on June 4th, 2010 10:12 GMT

    I think in this instance we might have to make an exception …

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