Tags: david | skarica | Euro | better | Option | Dollar

Euro Still Better Than the Dollar, Despite its Problems

By David Skarica   |   Friday, 03 Jun 2011 07:07 AM

What I find funny about bull markets is they really do climb a wall of worry.

If you read anything about the euro, all you hear are the negative things: The socialist governments in Europe, how all of the countries can’t get along and the PIIGS (Portugal, Italy, Ireland, Greece, Spain).

There are also a lot of good things about the euro and European union. I have a British passport as my father was born in Leeds, England.

Get David Skarica's Gold Stock Adviser — Click Here Now!
 
I can tell you the common union and elimination of borders is great for travel and economic trade.

In addition, Germany, the driver of Europe, wasn’t really all that affected by the economic crisis and is seeing near-record exports.

The European Union also doesn’t run a current account deficit, whereas the U.S. deficit is about 4 percent of GDP.

Editor's Note: Get a free copy of David Skarica’s "The Great Super Cycle" — Read More — Click Here Now.
 
In addition, because Europe has such huge, ridiculous welfare states it is going to be much easier for them to cut spending and get their deficits down.

Finally, Europe doesn’t have to pay for foreign ventures and being the policeman of the world like the United States.

Therefore, don’t count out the euro. Despite of all the perceived problems, the euro has still climbed to $1.45.

And I think in the long run it will continue to climb against the U.S. dollar.

About the Author: David Skarica
David Skarica is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He also writes the Gold Stock Adviser. Discover more by Clicking Here Now.

© 2017 Newsmax Finance. All rights reserved.

1Like our page
2Share
DavidSkarica
What I find funny about bull markets is they really do climb a wall of worry. If you read anything about the euro, all you hear are the negative things: The socialist governments in Europe, how all of the countries can t get along and the PIIGS (Portugal, Italy, Ireland,...
david,skarica,Euro,better,Option,Dollar,
284
2011-07-03
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved