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Originally Posted by SUBMAN1
Quote:
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Originally Posted by Type941
there are fears that EU economy is gonna slow quite much in 2H08, with the growing inflation rate and ECB keeping rates unchanged again (and high), plus US economy being resilient to recession, seemingly the faith is back with the dollar now again (for now) and it's also the reason why dollar traded oil is taking a dive.
I always expected dollar to recover - and I think if US elections go as planned and Obama wins, it will grow even more. Time to buy some call options on US stocks, hehe.  |
Actually I expect it to decline with Obama in office. Listen to their speeches. They have no intention of turning the ship around. They all walked out of Congress last week too when the issue was being discussed. Left the repubs debating and turned the lights out on them and even turned the mic off on them because they were late for dinner or something. I hate to differ with ya, but I can't see that happening. I'd have to agree with the post prior to yours.
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well, that'st the thing, it's a 5050 on this opinion in US... but in europe, McCain has no chance. Just on SENTIMENT alone Obama taking office will spark quite lots of opimism in Europe and China probably too, since he is not that much of a hawk. Not at all actually. AND - since Europe and China finance US debt - it's all that matters.
Whether Obama fiscal policy will be good or bad i don't know - I think US functions quite well without even president if needed, so the fiscal policies will continue..
What you guys see now is a fiscal policy and political will that's willing to intefere in market economy. Whethere that's good or bad is hard to say. On one hand it's bad - as it defeats the whole puprose of marketBut on the other hand, let Fannie Mae and Freddi Mac collaps, let Bear Sterns default on all its debts to Morgan, and so on, the whole Stock Market will collapse in the US - and US economy as a result. Fact is you guys have all the pensions there, everything - and FEDs main resposibility is to prevent that from falling. If it happens, the credit crunch will be nothing compared to what that will bring. believe you me.
Anyway, I think McCain hasn't got a clue about economics, and he is too old to make sense. So if now you have president that decides on key issues according to what God told him, in McCain you will have another one who will listen to doctors and voices in his head. Obama is at least healthy sane normal person. He is no saint I'm sure, in fact I'm confident the guy can be brutal in politcis but they all are, it's what's needed to succeed.