Does this mean cheaper bacon?

I'm not sure about this. On one hand, the dollar will appreciate and import prices will fall. On the other hand, having import price drops could put additional pressure on American business...which could be ok, as they have been posting record profits.

I'm going to go with good thing. Lower prices ---> people buy more of everything ---> higher consumer confidence ---> economic improvement. Rising tides lift all boats, and whathaveyou.

Arkanaut: Does this mean cheaper bacon?

Came here to ask the same thing.

BKITU: I feel for the people of the Eurozone caught up in this mess. But still, as an outsider with no power to change anything, I admit to a selfish pleasure in watching the value of the euro fall as my wife and I prepare for a trip to Berlin in March, at which point we'll help out as best we can, spreading our newly-acquired euros to various restaurants and shops.

Extreme parity we euro also? Plz?

Assuming there's still a euro around in March, which at this point seems unlikely. And should the euro break up Germany will be the one country in Europe that most definitely won't be cheap.

BKITU: I feel for the people of the Eurozone caught up in this mess. But still, as an outsider with no power to change anything, I admit to a selfish pleasure in watching the value of the euro fall as my wife and I prepare for a trip to Berlin in March, at which point we'll help out as best we can, spreading our newly-acquired euros to various restaurants and shops.

Extreme parity we euro also? Plz?

I started paying a lot of attention to the euro back in Jan 2011 because there was a chance I'd be relocating into Europe. 11 months of hearing, constantly, that the Euro is screwed, their government(s) are bankrupt (and corrupt) and their currency is going to fall like a rock.

But it hasn't really gone anywhere. 1 Euro == ~1.35 USD for the last 11 months. And if you look back over the last five years there has been a lot of variation, but without any of the doom and gloom. When I point this out to people in the EU zone; with charts showing EURO vs. USD they respond by telling me that the United States is screwed, there government is bankrupt (and corrupt) and their currency is going to fall like a rock. When I point this out to people in the US they just tell me 'It will happen....eventually'

Let us fact-check....

Euro was at .87 against teh dollar prior to the Bush Wars, and now it is at 1.35..

OMG the sky is falling!

Fark_Guy_Rob: But it hasn't really gone anywhere. 1 Euro == ~1.35 USD for the last 11 months. And if you look back over the last five years there has been a lot of variation, but without any of the doom and gloom.

That's because the USD is falling in value just as fast as the Euro is.

No need to break up the Euro. Just run it the way the guy who invented it said. The gov'ts ignored his instructions.

Start with having one interest rate, and go from there.

Or better yet, get rid of fractional reserve lending (which allows private banks to create money).

Just stop the "austerity" lie. It's not austerity, it's a power grab by the rich.

Reading that made me hear Homer Simpson say, "I am going to lose my job just because I am dangerously unqualified!"

It's crazy that this whole thing was triggered by everyone realize that they should have merged markets and made it so they could all work together to avoid situations like this from the start but they had to try to make it so that Germany couldn't achieve economic dominance as quickly.

Peep this, dawgs. The US dolla' is at 1 : 0.74706 against the Euro. For a shiatty situation, I thought that it would be a lot lower. Check it, b! (new window)

PIGS? Did Ireland get a pass?