dave goldman would be a euro seller. what happens if the euro does go up and the dollar goes down, axle? just take a gander. what does that mean for the u.s. stock markets? >> well, it's not necessarily a good thing for the u.s. stock market. and indeed t may not be a good thing for the exports of the u.s. but i think let's clear up one misconception. we talked about growth before. people always think you need to have economic growth to have a strong currency. that only applies when you need foreigners to support you in the u.s. and australia when you have a current account deficit. but look at japan. japan has had a lousy economy for the longest time, yet a strong currency. similarly in the euro zone, yes, they may have a declining economy, but because they're spending less money, because when you have a bank bailout you can't have a treasury secretary stuff the money into the banking system, it has to come from the local budget, it's far more painful. >> as we are talking, the euro is fall to go a three-week low. it's