CNBC just had a fund manager on predicting the Euro will climb to $1.20 because of balance of payments etc. Actually I'm willing to bet time to short the Euro is soon. In the past whenever bubblevision has some one on emphatically stating the $ is toast it goes the other way. The Arabs and Europeans are buying Euros right now in protest but Europe will wind up worse than the US. China and most of Asia will deflate manufacturing. In this respect Europe is in the Shithouse because of their socialist labour unions controlling their governments.