Is Europe in trouble?

The Euro (click on the chart to enlarge it) is sinking ... badly. Greece, the UK, Spain, Italy have serious budget issues to resolve.

I always maintained that low productivity countries cannot unite with high productivity ones. The low productivity countries are bound to be crushed as capital flees the low productivity countries and goes to high productivity ones.

The Euro is being seriously challenged. Is it time for new currencies such as the SDR?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.