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You don't have to pay to view this article, but I think you do have to register with the Financial Times, a world class financial information company. But an opinion piece, nonetheless.
As it says, the US dollar is strong, comparatively. It also notes that equities are positive, including the US stock market as well as certain metals. Sometimes, divergences go to convergences for a while. That is now. May not last long, though.
Theoretical weakness in the dollar must be balanced by the relative strength/weakness of other currencies. That is the issue that the doom and gloomers fail to recognize.
For example, I am making fair returns with a small holding of the Australian dollar vs the $US, yet the US dollar remains strong overall. Certainly the failed fiat currency argument about the US dollar has no current trend support.
Democracy is the worst form of government except for all those others that have been tried. -Winston Churchill, House of Commons 11th of November, 1947.
“The scientific man does not aim at an immediate result. He does not expect that his advanced ideas will be readily taken up… His duty is to lay the foundation for those who are to come, and point the way.” – Nikola Tesla
The FT doesn't default every opinion to a USD perspective. They report it in their US paper editions, so that Americans have a worldwide view about it.
The rest of the world does not have the amerocentric opinion that many of us have concerning currencies or general monetary activities. Americans as a group have a pretty narrow view of world economies. And a very self centered view.
The FT doesn't default every opinion to a USD perspective. They report it in their US paper editions, so that Americans have a worldwide view about it.
The rest of the world does not have the amerocentric opinion that many of us have concerning currencies or general monetary activities. Americans as a group have a pretty narrow view of world economies. And a very self centered view.
Post by Aman A.K.A. Ahamburger on Feb 9, 2011 20:12:38 GMT -5
and not to mention...wrong and self defeatist
What can you say the Socialist did a great job of convincing people that are way of life is screwed up, and having slaves isn't... Canadians are just bad, in my province probably worse.... Lucky for all of us that without capital the show can't go on.
Democracy is the worst form of government except for all those others that have been tried. -Winston Churchill, House of Commons 11th of November, 1947.
“The scientific man does not aim at an immediate result. He does not expect that his advanced ideas will be readily taken up… His duty is to lay the foundation for those who are to come, and point the way.” – Nikola Tesla