Global competitiveness survey rankings

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  • Brother Chuck Schroeder
    May 21, 2010 9:45 a.m.

    WHEN THE EURO is HIGHER then OUR US DOLLAR, what would cause this then?.

    "Stocks fluctuated Friday as traders juggled worries about how Europe is handling its debt crisis. The Dow Jones industrial average zigzagged in a tight range after making bigger swings that briefly sent it below 10,000 in the opening minutes of trading. The euro rose to $1.2556 from $1.2464. The 16-nation currency has been a big driver of trading for weeks but many traders have been skeptical that any advances will be short-lived. World markets have been falling on concerns that European debt problems will upend a global rebound. The fear is that huge deficits in countries including Greece and Portugal will cause a wave of bad debt to race through the world's financial system. Even if that is prevented, the prospect of heavier borrowing and sluggish growth has traders concerned. It's impossible to know whether the market is in for more than a correction but analysts say that the fear hasn't turned to panic like it did during the market's slide in late 2008 and early 2009."

    Young skeptical's on Wall Street using our money?.