Dollar expected to go HIGHER.......I have some doubts?
Submitted by takeaction on Fri, 11/06/2009 - 21:21
FTA
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....Concerns about the recovery in the world's largest economy typically send investors into the relative safe haven of U.S. government debt on the assumption U.S. taxpayers will always repay it.
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Help me to understand this? U.S. debt is a safehaven??
here is the full article...
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A Bouncing Ball
Gravity is down.
Yet a ball will also travel up nearly as far as it went down.
So one might say, why is the ball going up when gravity is down ?
If you are investing - hold gold.
If you are trading - look out for the counter waves which exists on the extremes.
The destination is the same, the stops in between are a little bumpy.
Government bonds are seen as
Government bonds are seen as safe, since the government theoretically can't ever default on a debt. They'll just print the difference. I wouldn't be surprised if the dollar moves up in the short term, but that is definitely not where I would want to store my wealth. Don't be the sucker left holding the bag. If foreign banks start dumping dollars onto the market, it's going to be a "race to the bottom," as people have said.