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Thursday, 24-Nov-2011 22:56 Email | Share | | Bookmark
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The euro looks particularly good to Merk relative to the dollar as he sees few signs the U.S. is seriously tackling its long-term deficit issues. Thanks to the Fed's efforts, Treasury rates are artificially low which is giving U.S. policymakers a reprieve from making tough choices.While the Fed continues its policy of money-printing and quantitative easing, "the eurozone is on the other side of the trade," he says. "Printing and spending less money will cause a lot of pain but it will give you a stronger euro. "

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If there's a silver lining here, it's that S&P's downgrade proves Republicans and Democrats can agree on something, even if for the wrong reasons.Furthermore, at least the U.S. government hasn't raided the offices of S&P (and Moody's) as Italian officials did last week. Despite Washington's heavy-handed response to the downgrade, America hasn't sunk that low —at least not yet.

Wednesday, 23-Nov-2011 15:53 Email | Share | | Bookmark
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"Harassment" meant that peers had spread rumors about them,Mbt Shoes Clearance, made "rude or mean comments,MBT barabara," or threatened them.Outright bullying,MBT shoe, which was defined as being repeatedly picked on,Mbt Clearance, was less common. In 2008, about eight percent of kids said they'd ever been bullied via text,MBT Sneakers, versus just over six percent the year before.

Wednesday, 23-Nov-2011 15:52 Email | Share | | Bookmark
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"Washington got the wrong message from the debt ceiling debate,MBT Sneakers," he said of a summer battle in Washington over raising a statutory cap on the nation's debt. "They got the message that the (U.S. ratings) downgrade didn't matter very much for the ability of the U.S. Treasury to float debt. That's the wrong message,cheap MBT shoes," he said.


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