[conshack]

I agree with much of your theory here. I imagine some of the countries will strongly consider returning to their original currency over time. France, as usual, is the cog in the wheel and won't be willing to cooperate. That's OK with me though. I was beginning to think the euro was going to give the dollar a serious run for being the world currency.

[AFPhys]

Macroeconomics is such a tough subject, and I only touched on it early in college. When in grad school, I took a couple higher level econ courses where macro was critical to comprehend, and developed tremendous appreciation for that field - and not much talent for it.

Supply-Demand, substitution theory, elasticity, etc... all those Microecon subjects are comparatively elementary even when applied to huge systems - when you put that in comparison to MacroEcon and currency and trade and labor forces, and all that... I can really get lost quickly. I have enormous respect for people like Greenspan. I have almost none for most of the trading firm economists when it comes to subjects dealing with macro.