but what does it mean in practical terms?..what effects on the average citizen?.....
Well, it is actually helping extend the lie, known as the US economy, in the short term. Euro weakness hurts gold and helps the dollar. However, it is another warning shot that interest rates around the world are going up in the future. Effectively, the higher our interest rates the harder it is for our government to replace real economic activity with government spending. Ripping this government band-aid off would force us to double dip.