Thursday, Aug 14, 2008
The euro is now the skunk at the garden party: a net 71pc say it is overvalued and most think it will fall next year.
telegraph: A net 58pc of fund managers think the greenback is undervalued, the highest level since the survey began
David Bloom, HSBC's currency chief, said the greenback's moment of schadenfreude had come, ending a seven-year slide that has called into question its viability as the world's reserve currency. "It has become apparent that other economies are deteriorating fast, and the whole decoupling thesis has started to come apart at the seams. Canada is frozen over. We have Arctic conditions in Sweden, a landslide in Germany, and the UK is falling off the white cliffs of Dover," he said
Posted by big chris @ 01:44 AM (370 views) Add Comment
5 Comments
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1. Davidg said...
Only one of the countries cite actually uses the Euro
2. harold said...
$ vs £ vs € = one turd vs another
3. mark wadsworth said...
What Harold says.
All currencies are, by definition, either overvalued or undervalued. Big deal.
4. plato said...
Conclusion : Stability has to be in Gold, What else is there? Or are we looking at new currency?
5. nopensionnohouse said...
Could this be the New World Currency?
Sorry, just stirring.