With disappointing data coming from certain sectors some of the economic pundits are already calling it the end of the Dollar rule and are advising many to look towards the euro for the next leader in the currencies.it may seem that the dollar's hey days are over and that the U.S economy is indeed in a bear hug,but all that aside,what goes down must come up.
All the eyes are now on the september 18th Fed meeting durnig which Alan Greenspan may decide to hike the interest rates.he has to make certain moves with regard to the U.S economy and how much effect that will have in lessening the bear hug is anybody's guess.and everyone included seems intent on being the goldilocks in this story.
Sunday, September 9, 2007
The U.S economy goes goldilocks!
Posted by scorpius at 8:37 AM
Labels: dollar, economy, single currency
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