Euro: 5.02% vs. prior 5.08%; Dollar: 4.42% vs. prior 4.50%; Sterling: 6.16% vs. prior 6.18%.
The good news is the move is in the right direction, the struggle is the process is painfully slow–KSH.
Euro: 5.02% vs. prior 5.08%; Dollar: 4.42% vs. prior 4.50%; Sterling: 6.16% vs. prior 6.18%.
The good news is the move is in the right direction, the struggle is the process is painfully slow–KSH.
What’s interesting about this economic downturn that no one seems to be talking about is that the dollar is as strong as its been in years. The last I checked, the British Pound (1.75:1 US) and Euro (1.30:1 US) are way down. I’m not sure what that means, but its an interesting trend.
#1 –
Cash is a safe harbor in bear markets, and the fundamentals of the US dollar are stronger than Britain and Europe. JMHO. Of course, this is before a zillion newly digitized dollars start working their way thru the economy.
Like Byzantine, I too am waiting for those zillion newly digitized dollars to start raining down from the helicopters. People who know I harbor some affection (not an uncontrollable lust) for gold are asking why the metal is turning down during this meltdown. Gold is a nice alternative during inflation, not deflation. I’m buying…slowly.