Bloomberg reports Goldman Sachs has stopped betting against the dollar. Good to know our federal bailout money is propping up an entity that has been hoping for the collapse of the U.S. economy…. then again, this is not news.
One quoted source at another firm thinks if Greece defaults, the US dollar could rise in value 22% to only needing $1.10 to buy a Euro.
The bad news is if that happens, U.S. exports become more expensive and that woulld slow employment in the United States.
Quick. Somebody blame Bush.