Making the Bullish Case for the Dollar/Euro
Provocative piece in the weekend Barron's making the case for a big reversal in the dollar/Euro exchange rate. The essence:
- European monetary policy is considerably more profligate than critics think
- The Euro is not recession tested
- Rapidly-aging European populations and immigration-related unemployment problems create growth pressures
- Asian central bankers are finally realizing the downside to their current currency pegs
