The only thing that has been devalued faster than our precious dollar is the perpetual slide in government credibility. Over the years we have heard countless times about the importance of a strong dollar from our leaders.

"Our administration believes in and will do everything in its power to support a strong dollar" or something like this has been spewed out by Republicans and Democrats alike, yet there is little evidence that the policies put in place over the past century have done anything of the sort. Perhaps there was one person that took the heat and did the right thing -- Paul Volcker, during the Carter administration, who had to deal with dizzying inflation.

Continue reading Will Americans be working for Chinese wages?

Will Americans be working for Chinese wages? originally appeared on BloggingStocks on Tue, 17 Nov 2009 15:20:00 EST. Please see our terms for use of feeds.

With all the focus on the US Dollar's current free-fall and pundits predicting further weakness for the greenback, a little perspective is in order.

First of all, where have all the pundits been for the last five years? It's not like the dollars fall from grace started yesterday. In fact the dollar's fall has been a result of global growth, not a faltering US economy. The fact is that even with the subprime mess, rising commodity prices and the war in Iraq, the US economy is growing just fine. Could all the doomsayers in the media have a political agenda? Remember, an election is approaching.

Continue reading The US dollar is ready to rebound

The US dollar is ready to rebound originally appeared on BloggingStocks on Mon, 12 Nov 2007 13:04:00 EST. Please see our terms for use of feeds.