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Ben Melkman: Expecting A U.S Dollar Decline
The Macro Trading Floor
Europe Isn't Going to Look Any Any Better, Right?
"We're debating whether the extent of the forward electricty prizes was actually a correct or too much parabolic last week," he says. "If we look at the size of this issue, measured by the % of g d p, i would argue that we are in double digit territorie and it isn't going to look any any better." He adds: 'I simply think it is due to the risk of a systemic crisis in europe as a consequence of these electricity prices'
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