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Well, that didn't take long...euro dips BELOW parity briefly...now lowest in 20 years.
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Posted by: LateForLunch ®

07/14/2022, 15:39:34

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Euro to Dollar Exchange Rate Equals in First Parity Since 2002: EUR/USD - Bloomberg


My take-aways from the article are:

1) The European Central Bank has absolutely NO idea how to handle their situation (they are damned if they do raise interest rates and damned if they don't). 

2) The down-side for the U.S. economy is that euro using nations can't buy as much of our exports as they could before.  

3) The slide of the value of the euro is not over - there are events pending which will further weaken it - especially the termination of Russian oil deliveries. 

Was DJT the ONLY person to understand the possible consequences of playing footsie with the Russkies in the global oil market !?! I mean WTF !?!  

Is everyone who runs the EU at the highest level some sort of idiotic hyper-partisan, ideologue !?!  

They f*#$@#$ing KNEW DJT was right, but because of hyper-partisan opposition to ANYTHING the president did or said, they pretended like everything was just great about doing business with Putin. 

I've said it before...ACFs are not just harmless, clowns without make-up, they are horribly, lethally dangerous to themselves as well as everybody else. 







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