Quote:
Originally Posted by Spudstr
This is happening because the spotlight and attention is on the US. We created the credit/mortgage problem however banks over seas are also in this mess. They just havn't reported/came forward with it.
Eventually this year banks will have to spit out their earnings/losses and when this hapens we are going to a dramatic tank on the euro, Focus will be shifted off the US and onto the EURO and that will tank and the usd will gain strength and levels will go back lower.
EUROs time is comming it wont happen till third quarter or so in 08 but it will happen.
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so far everything I've read from the analysts say the dollar will keep tanking the rest of the year
don't know where you're from, but if you're American, it typifies why America has such a hard time turning things around, you don't want to really face up to reality, if it's a negative one
=> things are going bad in America, but but... Europe and the rest of the world are going to crash too... soon
stop finding excuses or hoping for the bad luck of others and start fixing the problems at home
and even if the dollar gains some territory, do you honestly think it'll make up for all those loses? I'm afraid if we want $1 = ?1, America is going to have to invent cold fusion or something
I'm afraid the pain is here to stay
