Its great that you can travel to and within Europe for pennies this time of year, but when they are converted to pence its another thing. Dan points to the Dollar's slide relative to the Euro at record levels as market judgement of what Bush holds for us. At the same time, European and Asian economies seem to be faltering in recovery. Inflation is becoming a real problem because of commodity prices (energy), particularly in the US.
I'm mostly posting this as a note to self about when my sentiment changed about the global economy. I think we are heading into a global recession and I hope I can look back on this post and find I was wrong.
