From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

George Sherwood wrote:
> On Sat, 02 Dec 2006 06:37:05 +0000, Phil Payne wrote:
>
>>> $2 by Christmas.  The question is - $3 by Christmas 2007?
>> http://www.ft.com/cms/s/6787cede-8128-11db-864e-0000779e2340,_i_rssPage=ff3c
baf6-3024-11da-ba9f-00000e2511c8.html
>>
>> "The dollar plunged as low as $1.9847 against sterling and to $1.3348
>> against the euro on Friday after the Institute of Supply Management's
>> manufacturing index fell unexpectedly to 49.5 in November, from 51.2 in
>> October. This signalled that manufacturing activity in the US contracted in
>> November after more than three years of growth."
>>
>> It does look very much like the long term slide has now started.  The United
>> States is quite simply living beyond its means.
>
> Could be, but from many of articles I am reading just another of the twice
> a year for the last three or so years rants that the sky is falling.  I am
> guessing against the Euro the new rate will be somewhere around 1.35 or
> so.  We will see where we are in a year or so.
>
> George

I think the Euro may become established as a reserve currency though.

Possibly "held in a basket of currencies".

Adam

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