Reply #80: "Precipitous Decline" is a Bit of an Exaggeration [View All]

[On the Road]

A euro worth $1.33 is not that far out of trend and is completely justified.

What is frightening is the prospect of a run on the US dollar similar to what happenned in the 90s with South Korea, Indonesia, and Argentina currencies. The dollar may be too big a currency to get wiped out like those did, but it will be painful for a lot of people and could easily trigger a recession.

I do feel much better with Paulsen in charge than with John Snow (who just joined the board of my employer -- ugh).