Thursday

U.S. Dollar: Turbulence or Calm "Shared"

FNB economist Cees Bruggemans is positive about what the economy has in store for us next year...And gives:
Five scenarios for 2007, one outcome
"After the reality shock of the second quarter when rand and
global asset markets suddenly encountered selling pressure...#
Markell Ltd-06; Current Currency
An interesting article on the US Dollar decline assessment:
The perils of a currency crash are not nearly as great as they were in the days of the dollar's absolute dominance 30 or 40 years ago. Globalization has led to the development of a number of growth centers in the world economy which share the burden of turbulence. Gone are the days when an American finance minister could boast: "The dollar is our currency, but it's your problem."
Article translated from the German by Christopher Sultan
-A Spiegel article By Christian Reiermann asks:
How Dangerous is the Dollar Drop?
The US currency's role as a lead currency isn't as important as it used to be, currency experts and the German government say.
Excerpt: "The Americans, for their part, welcomed foreign investment. For them, it was almost a tradition to save very little and spend more than they earned -- essentially achieving affluence on credit. Foreigners financed the Americans' almost obsessive consumer spending, which spurred worldwide economic growth for years."
European info...
Alex Serkov- 06; "Young Euro"
-View Chart of:
Value of Euro in Dollar terms
with German exports by region
"The Future is in Futures" by Pearce Financial, LLC:
Trade Alert: Short Euro currency
Long Swiss Franc Spread
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Other financial News:
Financial Times: NYSE vote approves Euronext deal
" Rival efforts to create the first transatlantic exchange and industry champions in Europe and the US have also left regulators with a tough task in overseeing a rapidly-evolving sector."
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US stocks surge
"“What you’re seeing is window dressing, people want to finish up the year looking like they own the best names,” said Philip S. Dow."
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Steve Verdon (outsidethebeltway) posts:
Good News In the Housing Market
Providing the latest info, an excellent link, and a caution.

Can the bull keep running? They are suggesting: "Invest abroad and diversify. Our experts think the resource boom can't last forever."
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joscafe | basilsblog | ConservativeCat
womanhonorthyself (thanks for link!)

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