Thought of the day

There is a lot of talk about the demise of the Euro because of the financial European problems.

I would like to remind the gurus that a currency reflects the productivity (output per man/hour) of the industries of an economic area relative to that of other economic areas.

So? The strength or weakness of the Euro depends primarily on the efficiency of the European industries. Not on its financial problems.

The dollar has been weak since 2004 because of the steadily declining competitiveness of our industries.

More details in my The Peter Dag Portfolio and my free educational videos on www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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