>>..might send the dollar down against the euro, I just come up with a blank...<<
Here's a plausible suggestion: major, correction, gigantic liquidation of DM cash is underway. With about 14% GNP in Germany alone not accounted or better assumed as black labour market, with Russia, Chechnya, Serbia, Human and Tobacco Contraband, anything this side of Channel (g) dealing in DM cash, one can imagine the granpas, granmas, clan fathers, refugees, illegal immigrants, the whole lot, scratching their heads about euro:"Darn, Ill roll it over in dollars". They for sure will not go to Frankfurt, Paris, Rome or Madrid with their coffers to change cash for euros. They (of course) have nothing but the Greenback alley as alternative way out of the squeeze.
dj
PS: this is also one of extra reasons for precautionary measures, when the army trucks start to roll with new currency - some people would dearly love to get their hands on new cash - big way. |
