Our resident economist, Wayne Jett, is the managing principal for Classical Capital LLC who last appeared on our radio show on Apr. 6.
Below are links to current articles of interest relating to the Euro:
Euro recovers as China denies shunning bonds
MarketWatch
May 27, 2010
Euro, thy name is kryptonite on Wall Street
New York Post
May 27, 2010
Sounds like a lot of wishful thinking from some rightwing fringe nuts to me. Wayne Jett’s one of those supplysiders isn’t he, who was all in favor of W. Bush’s tax cuts for the wealthy which got us into this mess to start with. Seems to me that there’s a lot more real wealth backing the Euro than there is backing the USD.