In Belgium we would say "dat kan tellen", Lisa and I always translate this sentence literally which gives us this great expression: "That can count".
It looks like the dollar is going down the drain, the FED funds rate stands now at 4.75%. Looks like the 10 year bond (CD, insured by FDIC) I bought 2 week ago at 6% was not such a bad idea after all. The only big problem of course is that it is quoted in dollars.
It looks like the dollar is going down the drain, the FED funds rate stands now at 4.75%. Looks like the 10 year bond (CD, insured by FDIC) I bought 2 week ago at 6% was not such a bad idea after all. The only big problem of course is that it is quoted in dollars.Some time in the future the weak dollar will pose HUGE problems for European firms that will have great difficulties in competing against their US competitors. Only 5 years ago the dollar was worth more then a euro. It has lost more than 40% of its value in 5 years. Looks like printing money has some bad effects after all. Who would have thought that...
No comments:
Post a Comment