Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (81040)	7/5/2008 9:05:25 AM
From: John Carragher	Read Replies (2) of 116555

i thought the dollar was what was keeping the economy going right now with exports. i thought the dollar was what made the real estate very attractive to eu etc in flordia and ca. could drop in tourist be due to the pound getting hammered too. housing collasping in eu, spain, etc. does eu get hit hard and euro lose value in the next few years. do we think maybe dollar bottomed? i do not have any answers but was it bush policies that caused the housing crash? The banking crash? or should congress and corp greed explain part of the bust since the world was wrapped up in paper money with his risk rates.

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