[lbo-talk] The Declining Dollar?

[Dennis Redmond]

Doug Henwood wrote:


> Well not necessarily. A high euro could crush euroland exports,
> leading to stagnation or worse.

I thought of that, but (1) trade with the US is only 4% of continental
Europe's GDP, (2) all the major EU multinationals have invested heavily in
the US, and (3) EU domestic demand is finally picking up. It's like the
perfect storm out there.

-- DRR