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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:04 PM
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Don't Like a Weak Dollar? Might as Well Get Used to It
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Weakness in the US dollar, which is causing everything to go upincluding gas prices, food and stocksis unlikely to go away soon as a selling frenzy hits the currency market.

The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.

A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

In short, as trader Dennis Gartman noted on Thursday, "the rout of the US dollar" is in full effect.

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  -Don't Like a Weak Dollar? Might as Well Get Used to It The Northerner  Apr-24-11 07:04 PM   #0 
  - Don't get too used to it  notesdev   Apr-24-11 07:05 PM   #1 
  - Trouble is that employers won't match the weakening of the dollar with corresponding wage hikes  MadHound   Apr-24-11 07:08 PM   #2 
  - why future tense  notesdev   Apr-24-11 07:11 PM   #4 
  - Well, with the weaker dollar  Abq_Sarah   Apr-24-11 11:19 PM   #12 
  - I do! And I'm building my garden as fast as possible  WhiteTara   Apr-24-11 08:20 PM   #9 
  - The Bush tax cuts and the Obama extension of these cuts..  girl gone mad   Apr-24-11 07:11 PM   #3 
  - eh?  notesdev   Apr-24-11 07:17 PM   #5 
     - +100  The Northerner   Apr-24-11 07:25 PM   #6 
     - If taxes were raised, then we wouldn't need to QE and interest rates would  Exilednight   Apr-24-11 07:26 PM   #7 
     - Quantitative easing had the net effect of an asset swap, nothing more.  girl gone mad   Apr-24-11 09:43 PM   #10 
     - I would have to disagree there  notesdev   Apr-24-11 11:35 PM   #16 
     - Here's another chart which makes the point.  girl gone mad   Apr-24-11 11:29 PM   #14 
        - More importantly what was different  notesdev   Apr-25-11 07:52 AM   #20 
  - Recommend  xchrom   Apr-24-11 07:53 PM   #8 
  - recommend  Poboy   Apr-24-11 11:09 PM   #11 
  - K&R  crickets   Apr-24-11 11:25 PM   #13 
  - Running 1.5T deficits is not free  taught_me_patience   Apr-24-11 11:33 PM   #15 
  - Hey, if it devalues enough..  LetTimmySmoke   Apr-24-11 11:39 PM   #17 
  - Optimistically, it will make US exports cheaper abroad...  whoneedstickets   Apr-24-11 11:48 PM   #18 
  - We should just use the Euro and get it over with.  Initech   Apr-25-11 12:01 AM   #19 

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