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US dollar once again in decline
Salt Lake City News.Net Wednesday 27th August, 2008
The dollar has lost ground against the euro, a day after hitting a six-month high against the single currency.
Growing fears of a European recession caused the initial Euro slump, with Sterling also falling against the dollar and hitting two-year lows.
But the dollar has slipped again on fears about the US economy and profit taking by currency speculators.
Currency strategists say the dollar weakness might not last over the European currency.
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Anonymous 08-27-08, 12:33 PM |
US dollar once again in decline
NOT REALLY, just because after Olympic Games over, tourists are returning to E.U. to exchange the US dollar back to Euro; also the fears of 2008 US DNC’s “black Negro’s politics” taking over USA don’t impressed the overseas; perhaps next week Sen. JOHN McCAIN lead the 2008 RNC will stable the US dollar again. After hurricane gone, after the profit taken, people will demand US dollar again.
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tombaxter 08-27-08, 11:09 PM |
Money
To reduce its decline the Fed needs to redouble its purchases of dollars.
The manufacturing and oil producing countries will loan as many trillions as needed.
Both McCain and Obama are loyal servants of Financial Interests. They wouldn’t be where they are unless they were.
Both will continue Bush’s attempts to try to keep the bubble inflated no matter how many trillions it takes.
It only cost $50 billion for Reagan to bail out the S&Ls and the purchasing power of the dollar fell only in half.
Unless they find another PC/internet rabbit, stagflation is the future.
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Anonymous 08-28-08, 09:49 PM |
polyanna views and bubble economics
Unregistered;99130: NOT REALLY, just because after Olympic Games over, tourists are returning to E.U. to exchange the US dollar back to Euro; also the fears of 2008 US DNC’s “black Negro’s politics” taking over USA don’t impressed the overseas; perhaps next week Sen. JOHN McCAIN lead the 2008 RNC will stable the US dollar again. After hurricane gone, after the profit taken, people will demand US dollar again.
The beleif that with Mccain continuing with Bush style pro rich/capital deficit spending for war economics will result in foreigners prepared again to lend trillions to finance americans spending on credit is fanciful .
They are already too worried about making a real return on their past investments including in government guaranteed entities like fanny and freddy.Check out the loss of value of the US dollar when compared to gold or even the euro under bush /greenscam bubble economics.While your checking on that bush 'strong' dollar stuff look at the balance of trade figures the US needs to borrow nearly a trillion of dollars in credit every year from foreigners just to pay its way.
Similarly the beleif that Obama can get it all going while also increasing more benifits to working people that can only be done by more deficit spending is equaly fanciful.
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