Soccernomics

Since: Jul 11

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#1 Jun 28, 2012
Soccer fans are only two games away from the Euro 2012 finals. Portugal and Spain play today while Italy will face the Germans on Thursday. The winner’s will play to claim the title of the “Best in Europe.”

It’s hard not to draw ironic parallels, as Thursday also marks the beginning of the EU summit to settle the economic score. The lay-up analogy was earlier in the week, when the “best” beat the “worst” as Germany topped Greece 4-2 to advance to the semi-finals.

If financial health translates to future soccer success, Germany should trounce Italy while Portugal and Spain will play an uninspired, poorly executed match that ends in a 0-0 tie.

While the US doesn’t compete in the Euro Soccer (truth be told, we’d get our butts kicked), we are the big player in the European financial game. In fact, the man of the match should be Ben Bernanke.

That’s right, because even though the US isn’t in this game, Ben Bernanke is the uber defender, stopper and goalie for all of Europe’s woes. Not only is the U.S. single largest source of money to the International Monetary Fund, we are the lender of last resort with continued dollar injections to the Eurozone.

Trade well and follow the trend, not the so-called “experts.”
_________
Larry Levin
President & Founder - TradingAdvantage
http://www.tradingadvantage.com

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