The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.
I agree, if the US$ finds its bottom here I think we will be in good shape relatively speaking. It makes our commodities and labor much more competitive globally without sacrificing too much of our quality of life.
