Tuesday, November 25, 2008

Is the Dollar On the Cusp of the Next Leg Down?

With almost daily announcements of new Federal bailouts and new additions to the national debt, the global financial markets are showing increasing concerns for the value and safety of the U.S. dollar. This chart shows that the rise of the Dollar has ended, and extreme stress is showing that the greenback may be on the edge of a new leg down. This should worry all Americans, because if it occurs, the prices of commodities will begin a fresh trend to the upside at the worst possible time for the economy.