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U.S. Recession: Will Europe destroy the dollar?

Posted March 11, 2008

"They had the power to open up the money spigot, keep it as is, or tighten it. They were all aware of the Fed’s increasing inclination to lower the U.S. benchmark rate to help fight off recession. If it made sense in the U.S., why wouldn’t it also make sense in Europe?" — Andrew Gordon

by Andrew Gordon, Investor’s Daily Edge

Baltimore – (TFN):  Twenty-one of Europe’s most powerful bankers were sitting down to a sumptuous feast that evening in Frankfurt.  It was January 9th and it was blistering cold outside.  But inside the wine glasses were clinking and the conversation was convivial … even though the main topic couldn’t have been more serious.

You see, the European economy was showing signs of wear and tear.  That worried these diners, who came from Europe’s central and biggest private banks.  It wasn’t as bad as the U.S., but it was seemingly headed down the same road.

What to do?

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They had the power to open up the money spigot, keep it as is, or tighten it.  They were all aware of the Fed’s increasing inclination to lower the U.S. benchmark rate to help fight off recession.

If it made sense in the U.S., why wouldn’t it also make sense in Europe? Read on to learn how Europe’s reaction is destroying the U.S. economy.

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Posted by Andrew Gordon · Filed Under US Stocks and Markets 

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