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Dollar is under attack... goes down in value

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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Jase Apprentice

Jase

Posted
Posted

The dollar's been on an eight year slide and this is just a recent development.

The reason there are talks of dethroning the dollar is because of its ongoing weakness. In fact you could argue that the only thing that has kept it afloat over the past decade is its status as world reserve currency.

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pstall Newbie

pstall

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Expect Ben to raise 0.25 soon. Remember I thing I talk about from time to time. Momentum money. Equities have done pretty well the last 6 months. Some are hedging and going to gold and oil etc.

The smart guys are buying Yens and Francs.

In your 401k. Make sure you are at least 10-25% FOREIGN right now. Spread it around.

I just wish the US would sell a few tons of gold right now to shock the system. For giggles.

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Ja Rhule Grand Master

Ja Rhule

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A weaker dollar does have some advantages. It makes american exports cheaper, and imports more expensive. It makes it more expensive for companies to outsource jobs and cheaper to keep them in the US.

yea, but opportunities for FDI in the US will look a lil crappy.

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