Many of us in the US are focused on our own woes. But this is a global credit crisis. In today's Outside the Box, we take a look at the currency markets, which are in an historic upheaval and also look at what is going on in Europe. I suspect that Europe is in for a period of much distress, as the...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
10-06-2008
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Filed under: Credit Crisis, Wolfgang Munchau, Dennis Gartman, Fortis, Currencies, Germany, GaveKal, Euro, Yen, Europe, European Banks
The Problem with the Euro Swapping out Commodities The Euro at Par with the Dollar Laguna Beach, Montreal and Las Vegas By John Mauldin Last week I wrote that we could see a drop in the price of oil as speculators seemed to be storing oil in very large tankers and "slow steaming" them to port...