Wednesday, August 24, 2011

Counter indicator

Greenspan Says Euro ‘Breaking Down’

Enlarge imageAlan Greenspan

Alan Greenspan

Andrew Harrer/Bloomberg

Former Federal Reserve Chairman Alan Greenspan said fissures in Europe’s common currency may lead to slowing in the U.S. economy.
“The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” Greenspan said today in Washington.
Comment: Greenspan misses the limelight. He's getting sensationalist. Nobody seems to listen to him anymore. Yet you should: take his words as a counter indicator. Buy euros.

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