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Dollar’s fall last week is exactly what I’ve been warning about!
Larry Edelson (December 15th, 2008) Writes:
PDollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. -- LarrybrbrDollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2) brbrDec. 15 (Bloomberg) -- The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a four-month, 24 percent rally.brbrThe currency weakened 5.9 percent measured by the trade- weighted Dollar Index after strengthening between July and November as investors bought the greenback to flee riskier assets and repay dollar-denominated loans from lenders reining in credit. Ever since peaking on Nov. 21, the dollar fell against all 16 of the most-widely traded currencies, according to data compiled by Bloomberg.brbrU.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans designed to bail out the financial system and pump up the economy. The decline shows that the increased supply ...
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ACM Advanced Currency Markets;, Action Economics LLC;, Adam Boyton;, Aerin Williams;, Bank, bank of america corp, Barack Obama, Barclays Plc, bill gross, bloomberg, BNP Paribas SA, Boulder, brbrCitigroup Inc.;, brbrThe Citigroup;, California, Chemicals, Citigroup, Colorado, Commodities, currency trader, Department Of Commerce, Department of the Treasury, Deutsche Bank Ag, Euromoney Institutional Investor Plc;, Europe, European Central Bank, Federal Reserve System, food, FX Concepts Inc.;, Geneva, Goldman Sachs Group Inc, Hans-Guenter Redeker;, James McCormick;, Jens Nordvig;, John Taylor, Jpy, London, Michael Englund;, Michael Hart;, Morgan Stanley, MSCI World, Nancy Pelosi, New York, Newport Beach, Pacific Investment Management Co., Peter Rosenstreich;, Sanford C. Bernsteinamp;, Sinche;, Spyros Andreopoulos;, Stephen Jen, Todd Elmer;, United Kingdom, United States, Us Government, USD, York
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