JIm Rogers urges people to SELL DOLLAR | |
D.SMith (OP) User ID: 436409 United States 12/16/2008 09:36 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 436409 United States 12/16/2008 09:56 AM Report Abusive Post Report Copyright Violation | Greenback approaches 13-year low against Japanese yen amid reports of a weakening housing market and plunging consumer prices [link to money.cnn.com] |
Anonymous Coward User ID: 573482 United States 12/16/2008 10:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 550078 United States 12/16/2008 10:07 AM Report Abusive Post Report Copyright Violation | |
D.SMith (OP) User ID: 436409 United States 12/16/2008 10:08 AM Report Abusive Post Report Copyright Violation | and for my last shamless cut and paste. Futures on the Chicago Board of Trade showed a 68 percent chance the Fed will trim its 1 percent target rate for overnight lending between banks today to an all-time low of 0.25 percent, compared with zero odds a month ago. The U.S. central bank has limited room to lower interest rates and may use less conventional policies, such as buying Treasuries, Chairman Ben S. Bernanke said on Dec. 1. [link to www.bloomberg.com] |
Anonymous Coward (OP) User ID: 436409 United States 12/16/2008 10:13 AM Report Abusive Post Report Copyright Violation | The only thing that may slow it is the weakening of the Euro as countries in Europe enter into their own deepening recessions. Not that this would be good for anyone but it would make the dollar look stronger then it actually is. |