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WTF Klaas? Amid Scramble To Contain Euro Strength, ECB’s Knot Says QE ‘Must End ASAP’
I'm not sure what exactly Klaas Knot (he's president of the Dutch Central Bank) was trying to acco
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While the COT is record long, the Daily Sentiment Index shows just 90% long Euros which is well beneath a record, leaving room to run for awhile longer and higher.
The BIS reported that European sovereigns & non-financials borrowed $9-trillion in USD and just 2.9-trillion euros. So far, great for them, given the collapsing dollar (against everything), but how the hell does Europe expect to repay $9-trillion over the next few years? They cannot print dollars. They’re in essence massively short dollars and in big trouble if/when the worm turns and the Euro falls (which it will again in time). Remember when Europeans took out CHF mortgages because CHF had zero interest and was pegged to Euro… how’d that work out? (when the peg broke)…. lol
irb = infra red bot = bunny