The answer is easy………YES EARNING WILL BE GOING UP…..because the U.S. dollar keeps falling. Hence, even if your sales in EU are flat, the currency converter takes care of “growing trend”. However, few folks, except us piggintonians will see the real reasons (e.g. $ depreciation – assuming that the company is traded in the US stock market)
So, I would NOT bet a slide of the DOW as long as the multi national corporations are part of this equation & our U.S. agenda being “continue devaluing the mighty $ to keep our debs cheap & exports up”.
