European Tribune - Comments - Why is the dollar so important, and what happens when it tanks?

Why is the dollar so important, and what happens when it tanks? | 92 comments (92 topical, 0 editorial, 0 hidden)

What i see in these charts (none / 0)

is that the Dow has been moving sidewards since 2005. And when you're not looking at the indicators above, but at what the Americans actually can spend (no savings, housing bubble to go bust soon), it's hard for me to see the imminent significant growth. In fact, the argument could also go the other way round: the traders are critical of the soundness of the growth and thus the Dow's not been able to go past the 11000 mark.

by srutis on Tue Nov 22nd, 2005 at 03:57:39 PM EST
[ Parent ]

& maybe you're right. however, you may have (none / 0)

noticed that the Dow is almost within 1% of 11,000 at today's close. The Fed seems to be getting concerned about continual interest rate hikes--particularly with the 10 year treasury not going up, because people don't see long term inflation--see Jerome's new story just posted within the last hour.

Now I'm playing this for the med--long term, 5 years, and expect ups and downs,,,,but I am becoming more encouraged with my prognostication based on events this month.

by wchurchill on Tue Nov 22nd, 2005 at 06:17:16 PM EST
[ Parent ]

Why is the dollar so important, and what happens when it tanks? | 92 comments (92 topical, 0 editorial, 0 hidden)

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