WILL THE DOLLAR FALL??
This e-mail is to my “financially focused” friends. Many of you already follow me on the BLOG, The Property Lover…I am Tom LasVegas.
You may also recognize that I consider myself a “shirt-tail-economist.” Thus, I will debate the question, Will The Dollar Drop Further. As you probably already know, the U.S. Greenback has been rising against all foreign currencies in recent weeks. Is this good in the long-term or not? My feeling is that the good ole Greenback will need to fall within the next 6 to 12 months to keep our exporting goods competitive on the foreign markets. As the U.S. dollar strengthens, it makes products produced in the United States more expensive. With the world economy mired in quick-sand, this is not a good strategy for our American manufacturing plants nor employees. If the U.S. Dollar is allowed to strengthen against the world currencies, it could trigger yet further economic declines. The United States cannot afford to sink further economically.
I have prepared a graph (found below) which speaks for itself. Clearly the U.S. Dollar must fall further, if even just “barely”. I am anxious to hear your opinions. Some of the best will be published on the BLOG, The Property Lover.
Looking forward to your comments as always!