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OT: Some really bad news for the local economy
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[QUOTE="wfschrec, post: 793751, member: 361"] Hate to break it to you but the value of the dollar is going down. [url]http://useconomy.about.com/b/2010/10/25/g-20-meeting-drive-stock-up-dollar-down.htm[/url] "As the value of the dollar declines relative to other currencies, the prices of imports will rise. We have already seen an . On the other hand, it is lowering the price of U.S. exports, which should help economic growth. It also makes the U.S. stock market a good deal, which is one reason the Dow has broken above 11,000 lately. And, as long as China keeps buying Treasuries to keep the yuan low, mortgage interest rates will stay low." That is why the market is up ... do you know what happens when China decides to cash in? It amazes me what people don't realize. Watch the Stansburry briefing ... not that crap on CNN. [/QUOTE]
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OT: Some really bad news for the local economy
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