Tuesday, November 27, 2007
My bet is on the dollar!
Yes, I hear all of the doom and gloom about the US dollar. However, I am putting my money on the dollar. I think that the dollar is the "long term bet" in this race:
"GaveKal, an international investment-research boutique with offices in the U.S., Hong Kong, Paris and Abu Dhabi, recently penned a report lauding the dollar's prospects against the euro.
In fact, in a telephone interview from Paris, firm founder Charles Gave terms the euro "grotesquely overvalued" at its current level. In the next couple of years, he maintains, the euro should fall to its "parity" value of $1.05 to $1.10.
Gave, whose firm's good track record has won it a large institutional following in the U.S. and Europe, points to several secular factors that bode well for the greenback versus the euro.
For example, rapidly aging populations in euroland figure to decimate working populations there and increase the governmental financial burden at a pace far faster than in the U.S. European countries such as France have far higher debt-to-GDP burdens than the U.S., especially when estimates of their unfunded pension liabilities for government employees are figured in.
Adding to this European fiscal burden is a trend that Gave, out of political correctness, hesitates even to verbalize -- Islamization.
Higher birth rates of Muslim populations that have been only imperfectly integrated into European economic and cultural life could pose big problems in the Old World over the next several decades.
For one thing, the trend could boost unemployment." (A Comeback for the Greenback)
Let me translate. The US has a better future than Europe! It's as simple as that!
The dollar will come back because Europe is facing a major economic slowdown with its overvalued euro. Over the weekend, I heard a radio report about European tourists buying like crazy in New York. Some even hinted at buying property here because it was such a good deal!
At some point, the Euro economies will feel the heat of excessive inventories and a drop in tourism. Eventually, countries will react and force a devaluation of the euro.
So don't save your euros. Bet on the US dollar! As I said before, there is a better future here. How do I know? Well, do you see Americans lining up to move to Europe?
SUBSCRIBE TO OUR BLOG
- ► 2012 (573)
- ► 2011 (857)
- ► 2010 (869)
- ► 2009 (1364)
- ► 2008 (1272)
- Friday's show: Jonathan Henry on Iraq!
- CNN goofed big time!
- The US economy makes fools of the "doom and gloome...
- In the US, you must speak English!
- Don't blame some of us for scratching our heads!
- Rep. Hyde was one of my favorite Republicans!
- No knockout punches but CNN needs help!
- Wed's show: Allan Wall and a review of the situati...
- Romney is right about families
- These two are made for each other!
- The controversy over the NFL network!
- War? What is it good for? Read and find out!
- They call it "Flambée"
- 2008 is all about the judiciary!
- We remember Brig. Gen. Tibbets!
- Jimmy Rollins, great MVP choice
- My bet is on the dollar!
- The "how did this happen" Democrats?
- We support Pres. Sarkozy
- The border mess is real!
- Monday's show: A chat with Cassy!
- No diversity on the Dems' side!
- What a great Thanksgiving weekend!
- So what about that dollar and the US economy?
- Required reading: Walter Williams on class warfare...
- The incredible Naomi Wolf
- Thanskgiving 1967 and The Bee Gees's "Massachusett...
- Thanksgiving humor: Hillary and the turkey
- Go Texas A&M Aggies! Beat Texas!
- The 10-1 Cowboys proved me wrong and that's great!...
- Happy Thanksgiving to you and family
- Iran and the story of the scorpion
- On Thanksgiving, we say thanks for the great work ...
- The Clinton's Thanksgiving dinner
- Prof. VD Hanson and Europe
- The "20%" Democrat Congress!
- Spain, the trial and terrorism
- We didn't quit and that's why things are looking g...
- Can someone whisper something in Pres. Calderon's ...
- On trade, Hillary Clinton sounds more like Nader t...
- Good morning: The BBC has a left bias!
- The Iraqis are smiling and it's about time!
- Sarkozy is not backing down
- After further review, CNN didn't do a good job!
- Monday's show: Don, Rick and Jerome
- The Democrats refuse to see success in Iraq
- Send a message to an injured soldier!
- New citizens want immigration laws enforced!
- Joe Nuxall, the answer to a great baseball questio...
- The Dems are coming after your wallet!
- Our new friends in Europe!
- Why should we believe what Hillary Clinton is sayi...
- Friday's show: An update on the debate and politic...
- Who is still apologizing for Hugo Chavez?
- Why so much silence about Iraq!
- On illegal immigration, the Mexican government doe...
- Can the Dems say victory?
- Is Hillary a control freak?
- Bad polls for the party of poll readers!
- Bush hatred is now beyond insanity!
- It's Thursday: What position will Hillary Clinton...
- Clintonism 101: Bill pardons, Hillary gets contrib...
- Don't back down Pres. Sarkozy!
- Wednesday's show: Baseball and those 8-1 Cowboys!...
- Hillary and those planted questions!
- Why is Bill O'Reilly so successful?
- Where is the good news on the front page?
- Is Hillary Clinton inevitable like the Mets?
- Watch out for illegal immigration in 2008!
- The 0 for 40 Dems are batting .000!
- No troops plus an unwillingness to fight equals US...
- Monday's show: Lots of issues today!
- Is Senator McCain back in the game?
- Dear Hugo: I think that you need a "cambio" in st...
- Can some Dems afford to see success in Iraq?
- Thank you King of Spain! Thanks for telling Hugo ...
- A weekend for heroes: Happy Veterans Day and Happy...
- The Dems should listen to Lieberman!
- A great photo and good news from Iraq!
- Sarkozy comes to the US
- Friday's show: We talk about Dr. Biscet, Cuban pol...
- Before you get all worked up about global warming....
- Listen to the tape: Bill coaches Hillary!
- Cartoon: Will you miss the writers?
- Hillary Clinton is not the first Democrat to have ...
- It's getting interesting for the Republicans
- Wed's show: A conversation with Jack Kelly
- I guess that Dick Morris doesn't like Hillary Clin...
- The real problem with the Clintons!
- The Dems will make the case that the war on terror...
- How low can the amazing Sr. LO go?
- Where is Jesse Jackson when a Cuban gets thrown in...
- Monday's show: A look at newspapers and declining ...
- On immigration, the "free ride" is over for the De...
- You can't negotiate with Iran without the military...
- Your weekend cartoon and the California fires
- A real hero in Castro's prisons!
- The 40 year old Dandelion!
- The anti-choice Democrats!
- Don't gang up on the little woman!
- The Hillary waltz
- The Dems need to stop torturing the judge!
- Friday's show: What's going on in Iraq?
- Friday and another great jobs report!
- Hillary Clinton will tell you.....after the electi...
- More bad news for the doom and gloom crowd
- Now, Hillary is a victim again!
- Clinton-talk is all about dancing around issues
- ▼ November (108)
- ► 2006 (1045)
- ► 2005 (400)