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Rising Dollar? What Comedy

August 8, 2008 9:49 PM

There has been much talk lately about the “rising” dollar”. Let’s put this in perspective. The King Dollar, as Kudlow likes to refer to it as, was worth more than the Euro about  6 or 7 years ago. It is now worth about 67 cents.  This is nothing more than Europe beginning to have problems and has NOTHING to do with improving fundamentals here. And I mean nothing. Our economy is getting far worse, but Europe is just beginning to get far worse, Take your pick.

if other economies were even stable, the dollar would not be rising, on any level. This is all about picking your “ugliest pig”. Point being, do not get fooled with all the talk of the rising dollar to mean that our economy is about to rebound. Not even close. This is about a massive worldwide shipping of dollars and Euros to the Middle East And China. it isn’t about so called strength. It is simply a relative number.

Written by Tom@StockBlade.com · Filed Under General Market Comments 

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