Cavuto on FOX, this Saturday morning, had a couple of predictions for the coming months:
For the credit market: more rate cutting from the Fed
For the housing market: it’s the beginning of McMansions……to McNuggets.
What about the exchange rate? The dollar slalom’s put even Airbus in a tizzy:-
“The dollar has hit new record lows against the euro this week, something which Airbus says favours its US rival Boeing.
Earlier this month Airbus warned it may have to deepen its planned restructuring after steeper than expected third-quarter losses.
It said a net loss of 776m euros ($1.14 bn; £541m) – as against a loss of 189m euros in 2006 – was down to delays with its A400M military transport aircraft.
And it said full-year earnings would only “roughly break even”.”
But on Cavuto, the prediction for 2008 for the buck is — an enormous reversal. Pop goes the euro! Here’s hoping.