I can't believe dollar hit a 40+ year low vs. the world. Just keep printing and printing. You have to think 10-20 years down the line this should turn around. Is anyone putting on longer term plays on the NYBOT US dollar index?
European property is so overvalued its not even funny. Why on earth would anyone spend 400k Euros for a 200 year old house that is drafty and damp is beyond me. Even the new homes there look old. In 5 to 10 years I bet the euro will be even with the dollar. The average person can not buy a home there and their real estate is overvalued because of that. Europe is right behind us and so is the rest of the world in this economy.
Actually, the Fed's purpose is to print money for Congress. http://video.google.com/videoplay?docid=5232639329002339531
This is doubtful. Many countries are diversifying away from the buck as their main foreign currency. The euro looks the most stable, at the moment. We may not see a return of the buck until 1.) The Amero comes out, or 2.) we have a real, full scale war that is declared by congress whereby the entire American war machine can get involved.
Why would America care about the Europeans? The important thing is that America exports are more competitive.
You do understand this is exactly what the Fed plans to do don't you? Only a fool would believe this, at this rate it won't be long that it cost the Fed more money to print dollars than they are actually worth. <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/as3AYVzWmOI&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/as3AYVzWmOI&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
As long as it doesn't get out of hand... If the big USD holders start liquidating their assets [moving to other currencies] then the supply of USD would be out of the FED's hands... and into the hands of foreing devils...