It is amazing that over the past few weeks, the US Dollar has found new life. This chart shows the Dollar Index futures and the increasing strength of the greenback. This is really more of a global weakness story than one of Dollar strength, especially since the U.S. government continues to pile on and even accelerate debt accumulation. With growing weakness in Europe and around the world, there is a growing perception that the United States' economy may be ahead of the rest of the world in working through its problems. As long as investors are willing to buy Dollars or U.S. debt, who am I to argue?Wednesday, August 6, 2008
Dollar Reborn
It is amazing that over the past few weeks, the US Dollar has found new life. This chart shows the Dollar Index futures and the increasing strength of the greenback. This is really more of a global weakness story than one of Dollar strength, especially since the U.S. government continues to pile on and even accelerate debt accumulation. With growing weakness in Europe and around the world, there is a growing perception that the United States' economy may be ahead of the rest of the world in working through its problems. As long as investors are willing to buy Dollars or U.S. debt, who am I to argue?
