This dollar of ours is rapidly falling to depths where no dollar has gone before. In fact, to say that it's unclear when we can expect a recovery would be a gross understatement. I don't know about you, but most Americans still have the bulk of their savings — not to mention their walking around money — in dollar denominated assets. Whether you're on a fixed income and attempting to preserve the value of your dollars, or a FOREX trader looking for an entry point ahead of a dollar-reversal, we need to have a candid, no-holds-barred discussion about our currency. So for now, go ahead and take your hand from over your eyes. The week is mercifully over and the thrashing has stopped. It won't get any uglier for the buck; at least not until Monday.
First, let's start by taking a hard look at the factors that sent the dollar plummeting earlier in the week ..
No comments:
Post a Comment