dollar weakens...
As people are less worried about the world economy imploding from a banking system crisis-- and as our debt and probable future debt increases-- the dollar continues to weaken.
This should be no surprise.
And the fruit of this-- especially higher gas and food prices will be subtle but painful.
Another thing to watch for: Will the trade deficit in goods and services continue to drop? If so, the other side of that coin-- a declining investment surplus (those in other countries investing more in us vs. us in them)-- could be a very bad sign. The last time we ran a trade surplus was during the lousy economy of the 1970s.
2 Comments:
How low do you think it will sink?
What's the likelihood of a dollar "crash" or "currency crisis"?
Eric S/Anyone else have any thoughts/predictions? - Acknowledging the fact that noone knows for certain.
Well, I can start out by saying that I think it's time to stock up on cans of tuna.
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