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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (252418)	6/7/2010 4:17:04 PM
From: RetiredNow	Read Replies (3) \| Respond to of 306849

Quite possible that it exacerbates our deficits, because if the Euro goes down then it will make European goods more competitive. However, my guess is that European austerity will put a floor under the Euro, if they really enact some cost cutting, which there are already good signs of. The bigger worry is that there is no appetite for doing the same here, which means we will see a falling dollar after the flight to safety play is over. That will ensure our exports continue to be competitive, but it will continue to hasten the day when we get a debt driven collapse. Then 3,800 may look optimistic.