CME Chairman Melamed Sees Bubble In Equities Not Commodities, Likes US Dollar Over Euro (Fox Business)
2/22/2010 11:38:00 PM | via @Dvolatility |
Interesting interview on Fox Business with CME Group Chairman Leo Melamed. He said the only bubble he sees is in EQUITIES and that commodities already retraced their move. He also likes the US Dollar over the Euro (USD/EUR) with interest rate pressures in Europe (with the PIIGS in critical condition). He blames Government and derivatives for the cheap money fueled financial crisis. Hopefully the video comes up, if not go to Fox Business.