patrick.net

They need more exciting products to look forward to. What about the iWatch?

Europeans must learn to buy more crap. Then they will have to buy bigger homes to store the crap. Deflation solved.

Can't wait for the European shopkeepers to start accepting US dollars.

anonymous says

It sounds at first like a crazy thought experiment: One morning, every resident of the euro zone comes home to find a check in their mailbox worth over €500 euros ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt.

That's what I said they should do long ago. Don't create more debt, that's just stupid. Give cash. The same amount to every person.

You can do that periodically until China's inflation bring their prices at Europe's level.

No, no, no. Keeping money out of the hands of the 99% is what keeps inflation under control. Putting money in the hands of the 1% may cause asset inflation, but that is OK.

Having an Italian in charge of the ECB is extra extra stupid. Will a Greek or Portuguese be next?

More importantly, at what point (probably this year) will the Euro reach parity with the dollar (or go below $1 per Euro), and how can I make money off of this.