Sunday, Dec 03, 2006

The repercussions of a weak dollar

The Observer: Plunging dollar will set world markets reeling

The slowdown in the US economy, which has sent the dollar into freefall over the past fortnight, will have devastating knock-on effects in markets around the world, analysts warn.

Posted by jellycaster @ 02:38 PM (507 views)
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4 Comments

1. bidin'matime said...

'I think the dollar's going to hell in a handbag,' said David Bloom, currency strategist at HSBC

And with it the economies of the rest of the world. Confidence is about to slide all around.

Sunday, December 3, 2006 04:10PM Report Comment
 

2. nearly30 said...

Oh dear...

"Equity markets are already wobbling as investors weigh the cost of a US slowdown.

Graham Turner of GFC Economics said a shake-out would raise questions about this year's merger frenzy.

'We have had an absolute monster year in terms of leveraged transactions,' he said. 'A lot of them looked quite dubious in terms of their economic value. Once the market starts to retreat, all the suspect things that went on come out of the woodwork'"

Nuff said!

Re-arrange the following words into a well-known pharse or saying:

Dot Bubble 1990s Com

Sunday, December 3, 2006 06:09PM Report Comment
 

3. bryan said...

Nearly30

The phrase or saying is- dot com bubble 1990s

But the pharse or farse is- dot com bubble recession fought off for a while by low interest rates, causing an even bigger feel good (credit) bubble

The longer that bad things are put off the bigger they grow (exponentianly)

Is the US now heading for a big-time recession ?

Sunday, December 3, 2006 08:27PM Report Comment
 

4. paul said...

'The ECB's in a complete state of denial,' said Paul Mortimer-Lee, global head of market economics at BNP Paribas. 'Quite a lot depends on how Trichet plays it at the ECB press conference next week. They're hankering after raising rates again next year.'

Definitely crunch time.

Sunday, December 3, 2006 11:18PM Report Comment
 

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