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Originally Posted by J. Abizeid  Forex Players Look to Stabilization - MarketWatch Video The euro will beat its own record of $1.60 first quarter of 2009, like it always does. I wouldn’t be surprised to see it reach $1.85 by the end of 2009. Europe except for Britain will get out of its recession in the next few months while the US will be going through a deep depression during 2009 and 2010. That’s exactly what Obama means when he says: we will have to do lots of sacrifices before we recover. Bankrupt economies cannot afford strong currencies. Take Japan for example, they are in a recession but they have the money to bail themselves out. The US is bankrupt. It needs to either borrow or print more dollars for its bailouts next year. Either way, the dollar pays the price. |
French consumer spending recovered in November - MarketWatch French consumer spending recovered in November
By Aude Lagorce
Last update: 4:15 a.m. EST Dec. 23, 2008
LONDON (MarketWatch) --
French consumer spending unexpectedly rebounded in November, up 0.3% compared to a 0.5% decline in October, the French national statistics office Insee said Monday. It suggests stimulus measures and the continued decline in oil prices are helping cushion the economic downturn.