About time. Wake up & smell of coffee.

russotto · 12-03-2004, 07:12 PM

The USD's still in the tank, though. Might just be a trailing indicator, might even be deliberate policy (a weak dollar hurts imports, which is why the Japanese banks try to prop the dollar up) .

I suspect the Europeans will eventually do something monumentally stupid (no, George Bush does NOT have a monopoly) and put the Euro in the tank instead. There's not going to be a wholesale rush from the dollar any time soon.

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12-03-2004, 07:12 PM	#20
russotto Professor Join Date: Jan 2001 Posts: 1,788	The USD's still in the tank, though. Might just be a trailing indicator, might even be deliberate policy (a weak dollar hurts imports, which is why the Japanese banks try to prop the dollar up) . I suspect the Europeans will eventually do something monumentally stupid (no, George Bush does NOT have a monopoly) and put the Euro in the tank instead. There's not going to be a wholesale rush from the dollar any time soon.

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