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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (20473)	7/26/2007 10:30:21 AM
From: KyrosL	Read Replies (1) \| Respond to of 218126

I was in Europe this summer. It's incredible how everything is so much more expensive than in America. How much lower can the dollar go?

To: Tommaso who wrote (20473)	7/26/2007 2:09:58 PM
From: energyplay	Read Replies (3) \| Respond to of 218126

The Federal budget defict is now only 205 Billion per year, way down from the 500 Billion of a few years ago. A little inflation pushing up tax reciepts next year could get the Federal budget balanced without new taxes. A few selective cuts in the 2,000 Billion budget would not hurt either. Of course, just cutting Iraq expenditures in half would put the budget into surplus. Agricultural exports should help the trade balance. I don't have much of a sense of how far the USD will go - maybe down 10-20%. That would put the Euro between $1.55 and $1.70. That will tend to help the auto industry, and farmers, and US multinationals. Also anyone with USD debt ;-) I think gold might move to about $900. Note that oil is down in absolute terms, since the value of the USD has dropped. Maybe we will see $95 dollar a barrel oil ;-)