The former head of the Federal Reserve and inflator of many a bubble says that the euro is breaking down and that breakdown is creating difficulties elsewhere.
- Collateral held by the the euro area is questionable
- Difficulties in the euro zone could hurt US corporate earnings
- Level of uncertainty hurting growth
- US not yet at double-dip
EUR/USD is easing, slipping from 1.4463 to the present 1.4443 level.
UPDATE: EUR/USD slips through modest support at 1.4435/40 to trade down to 1.4420 after the comments from Greenie.
