Friday, October 16, 2009

Dow Jones Industrial Average over 10,000 again : Is the lost decade behind us ?

.........but adjusted for currency losses, the last decade was terrible as far as net returns are concerned.
Besides, the 'buy and hold' investing approach got you nowhere at all !

While everyone seems to be talking about the recent slide in the USD, as the EUR/USD chart below shows, the USD has been weak since early 2002!

This brings me to a topic I will cover in my next post.
'Can the USA devalue its way to prosperity ? '

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