Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CRBDeuce
while more banks may fail, the US Dollar is on the rise again.

If you call a 5 day chart proof that the US dollar is "on the rise" then I would say that is being pretty short-sighted.

Here's a chart showing 1 Year of the US Dollar against the Euro. It sure paints a different picture than the one that you're trying to portray...


53 posted on 07/26/2008 9:57:13 AM PDT by politicket
[ Post Reply | Private Reply | To 50 | View Replies ]


To: politicket
Yep...intimately familiar with the dollar's decline...also intimately familiar with double bottoms, which your picture clearly shows. Only the Networks/dinosaur media/newspapers are in ‘Recession’...the rest of the country is still growing! The Asset Reallocation process that we're in will only cause the Dollar to decline further if Congress continues to add to ‘stupid’. Since Congress is on vacation for the next month, the dollar is headed up...now when they return...all bets off again, of course. Reid and Pelousi are trully this countries nemesis.
69 posted on 07/27/2008 5:47:48 AM PDT by CRBDeuce (an armed society is a polite society)
[ Post Reply | Private Reply | To 53 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson