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justaname
May 30, 2015 9:31 AM

EUROPE... FAKE JOBS (and EU sub parity) Short

Euro Fx/U.S. DollarFXCM

Description

Heard the most insane thing today, fake jobs:
zerohedge.com/news/2015-05-29/europe-has-solution-unemployment-problem-fake-jobs
nytimes.com/2015/05/31/business/international/in-europe-fake-jobs-can-have-real-benefits.html?_r=0

So europe to stimulate economy, will make fake firms and fake jobs in a parallel universe. Has the world really gone insane?
Europe economy will go down the drain like no other....
Parity is not out of the question for EU.
But long term?
EU to 0.90 or less?

Anyways, on 1h chart, that wedge won't hold too much.
As much as they'll make it an uptrend, a shock likely to come and grexit will happen this week.
Please comment on fake jobs hahaha
Comments
pete002
"The success rate of the training centers is high. About 60 to 70 percent of those who go through France’s practice firms find jobs, often administrative positions,..."
justaname
Haha you caught that one pretty nice! :)
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