U.S.-dollar
Dollar Sniffers- by Greg Strid
Crude oil futures swooned to a hair above $105 a barrel
before closing at $109.71 yesterday. At the same time,
the US dollar rallied and held most of its gains against
major currencies. (The greenback is trading at a seven-
month high against the euro and a two-year high versus
the British pound.)
As far as the US dollar’s rise [...]
Inflation: The New Wave- by Greg Strid
An inflationary wave is building around the globe and
it threatens living standards and political stability. Prices
for food, energy and industrial commodities have been
rising steadily for the past few years. (The soaring cost
of food has sparked riots in Bangladesh and China this
year.) There are two main components that are giving
life and breath to the steady rise [...]
Wall Street Relies Too Heavily on Interest Rate Cuts
A decaying housing market, deteriorating credit conditions, a sickly dollar, sky-high oil prices, two expensive and useless wars, and the looming mass-retirement of baby boomers are the main ingredients that will create the fuel for a tumble in US economic growth over the next year or two (or three or four, etc.)
Yet the party on [...]
Beware the Sinking Dollar
Watch out for the declining dollar, it means that your purchasing power will decrease and your cost of living will rise sooner than you think. As the stock market gains ground lost in the early August meltdown, the US dollar continues to sink against major world currencies. The price of gold, long used to hedge [...]
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