Is the Euro that strong or is the dollar that weak...?
Clearly the Eurolanders have been keeping their houses in order...and have not been the victim of military adventurism and economic looting by the global capital elites as in the US...
I think that we can safely say that the Era of Globalism is over... Now who'se going to tell China the bad news...?! Curiously, the US economy will not benefit from the weaker dollar...because the US is not an "export economy" as in Asia and Europe... For the most part the US does not manufacture goods anymore...
And this notion that we are going to made it up on the financial services side is a bit nuts; because the US is totally dependant on foreigners for it's financial support now... China runs the US bond market these days...
Any threat to stop buying bonds could shut the American economy down...and force rates to over 10%++ again like in the late 70's...
