All Posts Tagged With: "falling dollar"

The Statistical Battleground

With consumer confidence now testing generational lows, our politicians are, nevertheless, continuously assuring us that the economy is strong and that there is no cause for worry.

Gold Declines on Bernanke Jawboning - But Silver Holds Up

Gold was steady to higher through the far East and most of London trading yesterday, but at about 9:30 of the New York session it plunged, bottoming at $877 before it climbed through the NYMEX, only to sag again in the Globex and finish at $881.30/oz., down $9.00. Overnight, gold has fallen off.

The Truth Behind Bernanke’s Fears for the Dollar

Has Federal Reserve chief Ben Bernanke suddenly turned into an inflation fighter? To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday.

It’s a Bear Market in Credit

If the Aussie market follows the U.S. lead today, look out. Before we break for lunch here in Colorado, stocks in New York are taking a beating. The Dow Jones Industrials are down nearly 200 points. And it’s such a nice day out, too.

Out of Gas

We aren’t scared of the peaks – what we are nervous about are the valleys…all the Fed’s hard work can be undone by a single day of trading… The global oil crunch…consumer confidence is out of gas as well – thank goodness for those rebate checks… The anniversary of the “Esperanto Money”…in central banking, the consequence of inertia and inactivity is almost always salutary…and more!

Blame the Speculators, Continued

The Commodity Futures Trading Commission has launched a witch hunt to slake the blood-thirst of Congresscritters and their constituents looking for someone to blame for high oil prices.

Welcome to Squanderville

We’ve got a lot to remember and a lot to reckon with on this Memorial Day…the richest man in the world travels to Europe to seek out better investments…The Oracle of Omaha could write for The Daily Reckoning…putting the squeeze on the American family… Checking in on Cuba…and more!

Dollar Slides - Fed Confirms that the Credit Crunch Isn’t Getting Better.

In the currency market, the dollar slipped against the euro. Late Monday, the euro was trading at $1.5491 vs. $1.5424 on Friday.

A Premature Optimism?

The mood seems to be lifting. A more optimistic tone in the Sunday papers…a prod of encouragement from the Bank of England…and now global equities are surging.

How to Play the Weak Dollar for 84% Overnight Profits

Back in December, my friend Steve Sjuggerud described a British spending spree taking place in America. At the time, the pound was worth about $1.95, and Brits were enjoying a 50% discount on their Christmas shopping across the pond.

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