Friday, May 13, 2011

The Decline in the Dollar


According to Uncommon Wisdom:

U.S. dollar on the edge of a great cliff!

Global investors are dumping dollars like there’s no tomorrow. It’s the Fed’s money printing — plus Washington’s complacency about its credit worthiness — that’s driving the dollar into the gutter.

The big danger ahead is that we could see a bust in the biggest bubble of all — the U.S. government bond market!

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