A friend of a friend of mine was on 60 minutes. He's predicting a second mortgage crisis. Is it good for the dollar sending the stock market tumbling so people by the dollar to avert risk, or is it bad for the dollar, because it has such a negative impact on the economy?
It's hard to tell. If you say the first mortgage crisis hit over a year ago, like summer of 2007, then we see the Euro rallied for almost 10 months. But then the stock market started sliding in April 2008 and the dollar has rallied since.
Here's the 60 minutes article.
http://www.cbsnews.com/stories/2008/...n4666112.shtml
It's hard to tell. If you say the first mortgage crisis hit over a year ago, like summer of 2007, then we see the Euro rallied for almost 10 months. But then the stock market started sliding in April 2008 and the dollar has rallied since.
Here's the 60 minutes article.
http://www.cbsnews.com/stories/2008/...n4666112.shtml