All Posts Tagged With: "US dollar"

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US Federal Reserve Bank Sacrifices Dollar

The US Federal Reserve Bank has made it clear to currency traders that the US dollar will be sacrificed in a desperate effort to prop up the US economy.

In testimony before congress last Tuesday and Wednesday, The Fed Chairman, Ben Bernanke, spoke primarily of further downside risks to the economy while stating that he thought that inflation, while obviously increasing, could be controlled. I wonder if our Ben the helicopter man has taken a look at how the sinking dollar is affecting commodity prices.

Neither Ben Bernanke nor President Bush seem capable of speaking about a recession that is probably already underway. They both state that a recession will be avoided.

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19Mar2008 | taipan | 0 comments | Continued
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US Dollar Panic Selling Underway

For those of you who have been long US dollars this year it must seem like US dollar panic selling is not only underway but has been around for awhile. But now I’m talking about the rout in the dollar going hyperbolic. That’s quite a difference from merely being in a long term downtrend.

The dollar’s quick move to below 100 Yen and to the north side of 158 against the Euro has been painful for dollar bulls and for many others, like oil exporters, who price their products in dollars.

However, the move has not quite gone hyperbolic into a full scale panic - yet. With the moves that the US Federal Reserve Bank has been making we are probably very close to a complete collapse of the dollar which will bring on the hyperbolic stage.

This is a preview of US Dollar Panic Selling Underway. Read the full post (559 words, 0 images, estimated 2:14 mins reading time)
19Mar2008 | taipan | 0 comments | Continued

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