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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (249881)	11/28/2007 11:35:20 AM
From: michael97123	Respond to of 281500

Market is probably headed down by now so i hear you. You miss the point thought. If europe lowers rates as the US does, dollar will not weaken further. Euro is a souped up currency--its a bubble now too and will fall quicker than dollar thus dollar rises against euro. What we need is some chinese revaluation here. There are more importnant things at stake here other than speculation in gold and oil. IF dollar rises against euro oil should fall too, especially if there is an american slowdown in demand. Oil back to 80, gold to 700 and dollar gradually rising aginst euro.