Monday Monetary Madness – Ewwwwro!

Wow, noboday wants thos Euros!

Of course, that kind of makes me want them as the Euro collapsed to $1.223 last night and we moved into “crazy oversold” territory.  It’s not like we’re going to run in and buy Euros but I think $25 is plenty on EUO so we’re done with those for now and they are up another $2 from when we were already thrilled with them on May 5th.  That was the same post in which I said about oil “that bubble may be popping too” and we’re down from $85 then to $72 this morning and we touched $70 this morning which is our 20% retrace from our April $87 highs.

Unfortunately, I can only tell you what is going to happen and how to profit from it, I can’t fix things (well I could but they don’t listen to me) although I may be attending next month’s New York Forum, where business leaders, hedge fund managers, sovereign wealth fund managers and private equity funds (in other words “THEY“) will get together and decide “YOUR” future.  I am not selling out, this is not really the same “THEY” as the Gang of 12, this is the bottom 90% of the top 0.1% trying to make an actual difference in that very unique way that pushy New Yorkers are able to do (did you see how we’re taking over the Supreme Court by the way?).  

So I spent the weekend talking to people about how to FIX the problems that plague this planet and I am encouraged by the fact that there are, in fact, ways to improve our situation but, of course, we are held back by lack of government willpower to make the hard choices and do the right things instead of this global “chicken in every pot” nonsense that predominates global politics.  There are good people who are trying to do good things and some of those people even work in Washington, surprisingly enough, but that town is in the worst gridlock since Newt’s revolution back in 1995, which ended 40 years of tyrannical Democratic Rule and prosperity. 

Back then the Republican “Contract with America” promised us including term limits, job creation and wage enhancements, a balanced budget law, and restrictions on American military activity in foreign wars. 

IN PROGRESS