If the dollar keeps falling, though, it could have adverse implications for foreign economies.

The failure of so many foreign economies will soon hurt America, crushing both the stock market and consumer confidence.

If only foreign economies were as strong as America's.

Our economy was slow and foreign economies were doing well.

"We feel that many foreign economies are not as far along in their economic cycle, and they have good growth potential now," he said.

Consumers are far from eager to spend, and many foreign economies are weak.

He then turned to the foreign economy looking towards his colonies in the Americas.

A few years on, there is not quite so much cynicism about foreign economies.

That pressure may ease in coming months, however, as foreign economies strengthen.

If foreign economies perform better than expected, she said, earnings and stocks could surprise on the high side.