[pepsionice]

All things considered....I’d say that by April...both Italy and Greece are out of the Euro business. The snow-ball affect will be causing other countries to consider retreat. So I’m making this odd prediction by July of 2012....the dollar at some amazing high, mostly for the screwed up affairs of European countries.

[101voodoo]

If the dollar reaches some “amazing high” as you suggest, the price of oil will plummet along with gasoline prices not to mention the cost of other imported goods. This will kick consumer spending up and help the economy.

It will however cause the coat of goods we make here to rise which will hurt exports.

[TigerLikesRooster]

Yes, Zero will attempt to play Messiah again. Seriously, this temporary upsurge will lull many less informed people into a false hope. Setting people up for subsequent shell-shock when U.S. economy crashes finally.

[mindburglar]

Maybe, but more likely the Euro rallies as it looks more likely that
It will break up. Without the PIIGS the euro starts resembling the
DM which would probably be around 2.50 if it still existed.

Don’t ask me about the JPY. I can’t get my head around that one.