[lucrum]

Going to be interesting to see the development of dollar vs. other currencies.

Dollar vs. NOK could quickly leave dollar in the gutter, question is however if Norwegian banks and export industries see this quick enough.

We have politicians that think a devalued dollar won't mean anything for our economy, but I highly disagree. We trade in dollar, we value oil in dollar and pretty much use dollar as a standard in everything. Sure it makes it lucrative for importers to get goods from overseas, but export gonna take a dive very soon.

Add that to the already existing problem of overspending and wierd unemployment figures (generally too low), we may quickly see a steep climb in interest rates and the avalanche of foreclosures that follows.
The banks are doing business as usual, almost lending you money just so you can wipe your behind with them...just for kicks...

Potentially great times for me that does not own a house though, but at the same time sad that my probable luck in the housing market has a price paid by loads of other families.