Over the past couple years the dollar has been on a continuous slide versus foreign currencies. This was perhaps exacerbated in the short run recently when the FED lowered rates. There has been much consternation as to what happens when the dollar becomes worthless, and loses it’s reserve status, etc.
However, what happens when other countries start lowering their interest rates as Canada recently did ?
As the economic Contagion spreads beyond the US, look for responses from the Bank of England as well as the ECB in the future.
It is likely that at some point when we are in the deepest part of the current slowdown/recession that they are just beginning theirs and the cycle of dollar depreciation may reverse.
plainly clamors for all major players to join suit and lower rates… apparently he believes the financial world at large is NOT insulated from this disaster*
plainly clamors for all major players to join suit and lower rates… apparently he believes the financial world at large is NOT insulated from this disaster*
plainly clamors for all major players to join suit and lower rates… apparently he believes the financial world at large is NOT insulated from this disaster*
plainly clamors for all major players to join suit and lower rates… apparently he believes the financial world at large is NOT insulated from this disaster*
plainly clamors for all major players to join suit and lower rates… apparently he believes the financial world at large is NOT insulated from this disaster*
As I posted yesterday, expect the rest of the world to follow suit behind us as Bank of England did today.
ECB is on hold for now …
I would expect the dollar to have some stability in the next few months. We may also be making a cyclical low. Depends how much the other economies slow down/ contract following the US.
As I posted yesterday, expect the rest of the world to follow suit behind us as Bank of England did today.
ECB is on hold for now …
I would expect the dollar to have some stability in the next few months. We may also be making a cyclical low. Depends how much the other economies slow down/ contract following the US.
As I posted yesterday, expect the rest of the world to follow suit behind us as Bank of England did today.
ECB is on hold for now …
I would expect the dollar to have some stability in the next few months. We may also be making a cyclical low. Depends how much the other economies slow down/ contract following the US.
As I posted yesterday, expect the rest of the world to follow suit behind us as Bank of England did today.
ECB is on hold for now …
I would expect the dollar to have some stability in the next few months. We may also be making a cyclical low. Depends how much the other economies slow down/ contract following the US.
As I posted yesterday, expect the rest of the world to follow suit behind us as Bank of England did today.
ECB is on hold for now …
I would expect the dollar to have some stability in the next few months. We may also be making a cyclical low. Depends how much the other economies slow down/ contract following the US.
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