Euro Takes A Slow Dive
Jaffo
I have been predicting disaster for the Euro since the beginning,
based strictly on political factors.
It's too early to know if my prediction is accurate, but this early
sign of weakness provides some evidence for my position.
The fact is, the European economy is SICK. Double digit unemployment,
preposterous budget deficits, and worst of all, a huge European
bureaucracy eager to regulate every minute detail of this new "free
trade."
The Euro is inherently unstable as a monetary unit because the
economies underneath it are Neosocialist nightmares.
We'll see if the evidence matches my prediction over time.
Jaffo
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On Larry King Live, Marlan Brando made the shocking statement that
Hollywood is "run by Jews." In response, outraged Jewish groups made it
snow in New York in April.