The Upcoming Housing Boom

NEW YORK (AP) -- The dollar hit a new low against the seemingly unstoppable euro Friday as the 13-nation currency broke through $1.41. The euro's ascension renewed calls from French President Nicolas Sarkozy for the European Central Bank to follow the Federal Reserve and cut interest rates, which would help keep French exports competitive....

The currency of the 13 euro nations, which have more than 317 million residents and account for more than 15 percent of global gross domestic product, surged as high as $1.4119 before falling back to $1.4083 by late afternoon, above the $1.4076 it bought in New York on Thursday...

The U.S. dollar fell further against the Canadian dollar after reaching parity for the first time since 1976 on Thursday. One Canadian dollar bought $1.0068 in U.S. currency at its highest point Friday before edging down to 99.95 U.S. cents in late New York trading, barely beating 99.93 U.S. cents late Thursday...

I'm so sick of these "the glass is half full" liberal dickheads. Report the truth. We are screwed. Energy is an imported good. Oil is not going up in price. The dollar is crashing, so more dollars are needed to buy oil. The exportation of our debt is not more competitive. When people buy our debt they convert their currency to our toilet paper. The return on the debt has to be large enough to over come the lost in the the dollar, justify the time your money is tied up, plus account for the currency risk. If a German can get 4% at home he will want 10% if his money is invested in America. If an American can get 5% at home, he is better off taking 3% in England.

Look at the real impact the crashing dollar has had in interest rates. THEY ARE RISING DESPITE THE SURPRISING LEVEL OF THE FEDERAL RESERVE CUT!!!!!

On October 1, 2007 Bush will either have to raise the National debt level, raise taxes, or cut spending. Who will buy our debt? What return will they demand?

The crash of the dollar will continue.