| teomaxxx |
08-11-2007 02:28 PM |
Quote:
Originally Posted by RFremont
(Post 12907858)
Teomaxxx, what is your 2-3 year prediction of how the dollar will perform vs the euro?
|
Its really hard to say, there could be two scenarios:
1. Better one, if everything goes slightly, and I hope it will, it could be like 10-15% down more.
2. Not good one, the current mortage crisis could spill into the rest of US economy and cause hard recession, so they will then for sure lower interest rates, which would mean in the final effect much lower USD against EUR.
Also there are these questions like China dumping bonds, Kuwait and Iran going to charge EUR for oil and Russia charge rubles for Oil next year.
I really hope that it will go by first way as everyone will be harmed by second way. |
