Hi all,
Seams like the The
Paulson Plan may not get the green light but the concern is that it does the US dollar will fall like a rock and those
buying property in the US from the UK or Europe may get a better deal.
The Paulson plan would raise the ratio of government debt to GDP to 70%, the highest since 1954, according to Bloomberg. Something named
TD Securities Ltd. In Sydney says this number could drive the dollar to $1.95 against the euro. The firm claims to be able to show a correlation of the deficit ratio to the dollar.
Read more visit our
US Dollar Currency Blog