Posted on 06/02/2008 6:22:30 PM PDT by Kaslin
You are so right. The dollar is becoming the major story of the American economy. The dollar’s recent strength turned sour today and oil went up five dollars a barrel. A weak dollar can have some postive effects for some in the short term, but in the long term if it continues to go down, that will be very very bad for the average American. Bernanke was supposedly the first Fed Chair to ever publicly talk up dollar as it has traditionally been an unofficial job of the Secretary of Treasury.
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