Saturday, November 3, 2007

THE FALLING US DOLLAR !


Since 25/10/2000, the EURO is up 75.5% against the US Dollar.
Oil prices near the $ 100 mark, as gold prices cross $ 800.
Rising inflation in developing economies, Eurozone inflation at two year highs and possible threats to the carrytrade as the US Dollar interest rate differential falls............
A falling reserve/standard currency is going to do more harm than good.

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