MLG

U.S. Dollar Paradigm Shift Underway

Agree, it is within our control to improve our fiscal and trade imbalances and to invest in energy independence - but are we going to find the will to do it?... It strikes me that the lion's share of the challanges we're facing today in this country are home-made... Sad but fixable.

Yes, the US dollar and US assets are undervalued. Real estate prices in many established US cities are nowadays similar to the prices being paid for similar square footage in developing European cities where average salaries are 1,000 Euro per month and people still use 5 decade-old communist infrastructure. I find it hard to believe that Europe with their unfavorable demographics, sky-high taxes, and culture of red tape and entitlement has suddenly become the world's model of economic growth and its currency of choice.... Don't think it will last...but again it's up to us...