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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (18519)3/12/2009 7:34:43 PM
From: NOW  Read Replies (1) of 71475
 
"The financial problem is much worse in Europe than in the United States, because (a) banks are larger relative to GDP in Europe, and (b) they have major problems with bad loans (from US property, European property, East European property and more). We have banks that can claim to be Too Big To Fail. Europe has banks that may be Too Big To Rescue. Sadly, therefore, most European countries don’t have room for further fiscal stimulus - they need to prepare to help out their own bank depositors, as well as weaker EU and eurozone member countries; putting all available resources into a European Emergency Stabilization Fund should be the priority." Simon Johnson

OK so given the Euro is a huge part of the DX, tell me again how the dollar is going to fall in half?
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