Zeev's Turnips Patch-No Politics (ZEEV)

[michalel97123]

DO,
Yes, And now that the dollar has declined 15%, if it settles, the benefits will be reaped. Remember the euro was at 117 at the start and worked its way down to 83 or so, a 30% drop. How many of us held european stocks or mutual funds that declined because of that. The world goes on after currency adjustments. The result of the 15% decline of the dollar will be growth of exports and fewer imports. That will be a good thing. I do agree that the dollar-euro relationship needs to become less volatile, so europeans will be enticed back into US markets and less fearful about holding US equities. mike