Thursday, Nov 23, 2006

A falling Dollar AND a slowing economy!!!

Telegraph: Santa's little helper: a plunging dollar

The FEDs worst case scenario. How are they gonna protect the value of the Dollar if people are trying to get rid of it? Upping IRs in the face of a slowing economy will get Hank and Velma trading in their Ute just to keep breathing!

Last night the pound hit its strongest rate against the dollar for 18 months. It jumped 1 cents to $1.91 and could test the two-dollar mark in the coming months, economists said.

Posted by tyrellcorporation @ 10:28 AM (448 views)
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