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August 2, 2010 / Jeb

Is This Rally Manipulated? U.S. and Europe Trying To Prevent Currency Crisis

Economic sentiment rose to a 28 month high in Europe after the panic sell off earlier this year when the Euro collapsed. A major rally has ensued after the most severe financial panic in the Euro’s history. Now the rally is pushing higher, but have the concerns dissipated? I am extremely concerned about this rally off of June lows for several reasons. I do not believe that the economies in Spain, Portugal and Greece will be saved without major restructuring, and the chance of credit defaults are extremely high.

Read the full article here…


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