Open Thread

April 21st, 2008 9:59 AM

For general discussion and debate. Possible talking point: is the dollar bottoming:

The euro could slip from its recent record highs against the dollar amid a schism between the European Central Bank and the Continent's political leaders.

In reality, the dollar bottomed against other currencies last year, including the pound and the Canadian dollar. This year, bottoms seem to have already been made against the yen and the Swiss franc.

If monetary policy at the ECB is FINALLY going to loosen -- after almost a full decade of American and international pressure to do so! -- the bear market in dollars could be over.

Do you agree, or see this as wishful thinking? Maybe more important, in a global economy, do we want a stronger dollar despite carping and whining about its weakness? Finally, if the dollar rallies, will media notice?