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Originally Posted by Rolo
I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted.
So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future).
Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread  |
yup. I know this has been talked about for ages, but looking at the headlines (in serious papers) over the last few days, it appears to be happening NOW.
For example - it looks VERY likely that it will be 1 GBP = 2 USD which hasn't happened for over 20 years
plus the chinese currency is going up in value against the USD which is very serious, plus chinese interest rates are going up
and on top of this stock markets have dropped pretty sharply over the last few days
basically, what doom mongerers have been talking about for years seems to be happening right now
how far this "correction" goes, we'll have to see...