Exit US$ holdings (1 euro = US$1.3820 as of 19 July 2007)

Euro foreign exchange reference rates as at 19 July 2007
All currencies quoted against the euro (base currency)
Currency
Spot USD US dollar 1.3820
=================================

With ballooning deficits (expected to be worse from 2008 due to the baby boomers's strain on social security), housing and mortgage woes (subprime), the near to long term outlook for US$ is very bleak indeed.

So, get out of US$ and consider parking your cash in euros instead.

20 July 2007

Welcome to The Investment Guru - 20.07.2007

Please note any advice given here is without responsibility or liability.

Therefore, invest at your own risk.

20 July 2007