I am somewhat concerned with the falling dollar, and don’t see how that trend can reverse. Bloomberg had an article today about the falling dollar. The dollar lost 30% until the Fed started raising interest rates, which attracted foreign capital to the US. Now that our rates are steady, and Europe is raising its rates, foreigners have a good alternative in the euro, making dollar investment less alluring. If the Fed lowers rates and the ECB keeps raising, look out below… I don’t see how the Federal Reserve could even think about lowering interest rates.
