The dollar’s slump is of great and immediate concern because, while the dollar has been slipping only gradually in the recent past, the rate of decline has picked up momentum. A dollar crash will have disastrous implications for global financial markets. At the end of 2001, the euro was worth $ 0.8915, but it has been on a steady upward march since then…
May 23rd, 2008 | Addison Wiggin | 5 comments | ContinuedAll Posts Tagged With: "U.S. Economy"
The Price of Gold Has More Than Tripled
Readers will note that these trends are opposite to the way we think things ought to be going. For the entire decade, we’ve been long gold and short stocks. We’re going to stay in that position for the rest of the decade too - unless we lose all our money or think of a convincing reason to change.
May 5th, 2008 | Bill Bonner | 2 comments | Continued
The Feds Debate the ‘Long and Short’ of Recession
The minutes show that Fed policymakers were worried that a “deep” recession, rather than a “shallow” one, would permeate the U.S. economy…
April 10th, 2008 | Kate Incontrera | 0 comments | Continued
The Worst Conditions for the U.S. Economy Since the Great Depression
As we write this, gold futures hit $1,000 an ounce before pulling back. Gold at $1,000 will probably seem a bargain sometime in the future, but in the months ahead, it could be a source of irritation. Corn, wheat…and industrial commodities…could be an even bigger disappointment…
March 14th, 2008 | Bill Bonner | 7 comments | Continued