Tuesday, March 17, 2009

Why the dollar will get even stronger

Why the dollar will get even stronger from here

"Other countries which went on huge spending binges are now faced with huge debt burdens, crashed property markets and wrecked banking systems. Understandably, their currencies have plunged. Yet the US – which faces all these problems – has seen the dollar sail ever higher. Baffling as it may look, there is an explanation. The dollar is not like other currencies. Indeed, it's so exceptional that further gains are still perfectly possible while the crisis continues..."

Posted by damien @ 02:44 PM (975 views)
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2 thoughts on “Why the dollar will get even stronger

  • Oh brother… someone please tell me this is wrong????

    Purely from a selfish perspective, I could really do with this being totally impossible….. if this is going to happen, then I’m stuck on this insufferable little island for a whole lot longer!

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  • Ditto — I wish I had turned my life savings into dollars at the end of 2007. I’ve been waiting for UK house prices to fall for 10 years, and now that I’ve given up and found a better society to live in the proceeds of all my hard work are in an increasingly worthless currency 🙁

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