Monday, January 9, 2012

Consensus sees euro falling

Top Forecasters Expect Euro to Depreciate in 2012
Jan. 9 (Bloomberg) -- The most accurate foreign-exchange forecasters say the euro will depreciate against the dollar for a third straight year, equaling its longest slump since its creation in 1999, as Europe slips into recession. Linzie Janis and Mark Barton report on Bloomberg Television's "Countdown." (Source: Bloomberg)
Comment: Even more so than herding happens in what they do, herding first of all happens in the head. And then the sheep do wonder, if they still can.

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