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Saturday, November 15th, 2008

Falling dollar, rising commodities

Commodities & Currencies – November 15, 2008

How we get these Future News Predictions

Find out how these predictions will affect you

There is no reason for the U.S. dollar to continue its rally. Growth is slowing along with the rally of the dollar. The government is printing more money to cover more bailouts. Also, foreign governments are reluctant to buy more U.S. debt. Other countries’ currencies are faltering and more and more governments are getting into the bailout business. The recent rally was driven by global liquidations, credit swaps and over the counter derivatives. Another thing affecting the dollar is all spending is going down. Consumers are cutting back as prices are going up. Besides the people losing their jobs, this cut back in spending is a big part of the total GDP (gross domestic product) of the U.S. The largest part of the GDP is reliant on consumer spending. You will also see more bankruptcies, personal and corporate in 2009.Continue reading »

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