easing

(Greenspan: The euro is breaking down–Bloomberg | ForexLiveから)

The former head of the Federal Reserve and inflator of many a bubble says that the euro is breaking down and that breakdown is creating difficulties elsewhere.

  • Collateral held by the the euro area is questionable
  • Difficulties in the euro zone could hurt US corporate earnings
  • Level of uncertainty hurting growth
  • US not yet at double-dip

EUR/USD is easing, slipping from 1.4463 to the present 1.4443 level.

UPDATE: EUR/USD slips through modest support at 1.4435/40 to trade down to 1.4420 after the comments from Greenie.