Either way a bill is passed or not, we still had a 16 % decline in real estate prices, we are looking at layoffs in financial sector, lucky for us there are still other institutions to employ, but like i say there is going to be a pool of financial whiz waiting for us to pick up later.
The dollar rally upon weakness of the European financial woes, the bail outs are large but not as significant as the US's but bear in mind the hoarding of cash has made lending hard, retail and consumers will be hit first and stay out of retail unless u see light coming.
-yen might be a good play as i do not see the dollar further strengthening, Euro might be a bet as well when we start hearing that deal being thrown out shows confidence in the foundation of their banks and real estate sector. what ever is in the us is in the europe but in half the size, Euro interest rates are still double the americans.
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