Bottom Pickers in Euro and Yen
The market comments of those in the know, or believe they are, is trying hard to build a case for buying the Euro and Yen. No doubt that is based on a weak minded FED. They may be right on that but as we keep saying, it is all relative, in fact I would not be surprised to see the Euro test the price levels reached in 2002, around 0.85, by the end of 2017.
And, not to let politics slip out of focus, see Bloomberg headline today:
Trump’s Rise Enabled by Decades-Long Slide for the Middle Class
No doubt he would probably be a bad President, but it would swing the power away from the elites and clean the bases for 2020.