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The US Dollar continues to fall.

Posted by Adrian on May 7, 2007

The continued depreciation of the American dollar. If the US does fall into a recession late 2007/early 2008. Europe may be left slightly unaffected, the same goes for Japan. Although I still believe the world wide housing boom will decline, or go bust roughly at the same time. This may trigger a worldwide recession, Europe in tow with America leading

It will be interesting to see if the the US Federal Reserve starts cutting rates or continue to leave rates on hold. But in the mix is the real chance that consumer inflation is going to be hard to contain. I believe they will hold rates.

Bloomberg article here on the decline USD


One Response to “The US Dollar continues to fall.”

  1. A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as consisting of 1/42.2222 fine troy ounces of gold.

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