Buffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
