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Here is something else. There is a large number of people that sees that fall of the dollar as not hurting the US as much as it is considered a form of punishment on Europe. The dollar is tied to the Yuan so unless Asian and Chinese banks were to unload US currencies completely the US economy won't be "punished". It would also help if Europe decided to buy up the US dollar to counter.
So people who invest in Europe need to be careful. It depends what sector you invest in given the higher rates. This is nasty for certain export industries...
-Rudey
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