Archive for January 2010

JP Morgan confirms my humble projections on the value of USD

January 6, 2010

The external value of the US Dollar has increased for a couple of weeks against Euro. J.P. Morgan has however given an interesting prediction that the exchange rate of USD against Euro will start to drop again very soon. They project a ratio of 1,62 USD for one Euro. When that happens also my former projections will come true.  My projection was originally 1,6 but I don’t see even 2,0 impossible then the MZero (M0) value of US Dollars has increased multifold, the foreign trade is still negative, and no jobs have been generated over the number of jobs lost. However, the dropping value of USD is of an advantage to the USA and will help curbing up the economy. The game is on. Happy New Year!