[J. Abizeid]

Originally Posted by Abou-Eddie

The problem with your argument is that it assumes that things are going very bad in the US while things are rosy in Europe. This is definitely not the case.
Low energy prices? Energy prices are the set worldwide and can only be affected by exchange rate in any given country, and taxes on energy in Europe are higher than the US
Euro exports? we just reached 1.40 yesterday, it needs a few months to have any significant impact on exports and even then 1.40 is still a high level to spark exports in any big way.
China the dollar manipulator? In fact it is the reverse. China's currency was pegged to the dollar for a very long time and it is the US which pressured China to revalue the yuan and it went from 8.23 to 6.85.

All I’m saying is: The economic fundamentals for both the US and the rest of the world including Europe have not changed since the euro reached $1.60 other than the US government committing to bail out more of its fraudulent financial institutions requiring more dollars to be printed without gold coverage.
The US recharges its batteries with petrodollars when oil goes up. Europe recharges theirs when oil goes down. They alternate turns.
The irony about this administration is that it preaches small government and less tax; apparently, small government applies only to universal healthcare to its citizens not to bailing out its corporations which will eventually translate into more taxes and a weaker dollar.
Some still believe in Santa,
How about if we wait and see,