I know that most people who read my blog are not Jewish and that makes sense since us Jews we are only one person in 500 in this planet. Still I want to wish all my Jewish readers a Happy Passover.
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Posted on General | 5:35 am
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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Posted by Emmanuel Chriqui - April 21, 2008 12:08 pm - #
Hag Sameah !
Posted by Jaco - April 21, 2008 4:33 pm - #
Thank´s Martin, same for you and you family!
Posted by Ezban - April 21, 2008 7:36 pm - #
Hag Sameaj to you and your family!
Just curious… do you do the Seder?
Posted by Paul RODTS - April 22, 2008 7:55 pm - #
Hag Sameah to everybody and your friends and family…..