the spanish economy will certainly do worse than the US economy. their property market is in serious trouble.
the UK will also perform badly, possible also worse than the US economy.
if that is the case then the euro and pound will weaken too, meaning that the USD won't fall as much relative to other major markets.
things will certainly get worse, but historically the US economy has bounced back quicker than european economies.
if you want to be safe, hold a good, solid balanced fund with a reputable company and ride it out. if you know what you're doing you can play the market, but many people who think they know what they are doing end up realizing that they don't.
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"Even a stopped clock gives the right time twice a day." Withnail & I
the spanish economy will certainly do worse than the US economy. their property market is in serious trouble.
the UK will also perform badly, possible also worse than the US economy.
if that is the case then the euro and pound will weaken too, meaning that the USD won't fall as much relative to other major markets.
things will certainly get worse, but historically the US economy has bounced back quicker than european economies.
if you want to be safe, hold a good, solid balanced fund with a reputable company and ride it out. if you know what you're doing you can play the market, but many people who think they know what they are doing end up realizing that they don't.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I