Not Ranked
Uhmmm, OK here I'll start...
Just 2 words to explain the current situation with the US dollar: Quantitative Easing.
Lay-mans terms it means "printing money".
Which is the current US Government's answer to getting itself out of the GFC.
When governments do this, its basically all down hill.
Worse still for those still reading and interested - Since the Nixon days the US dollar, is no longer backed by Gold... but is back by the US tax payer.
This means the only way for the US dollar to recoup ground is to get all back from the locals... Unlikely to happen anytime soon.
My humble guess is Geof might be onto something when he says "the norm"
Cheers,
Anth
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