Thread: Peter Schiff destroys on CNBC
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Old 10-02-2007, 07:38 PM
prohornblower prohornblower is offline
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Default Re: Peter Schiff destroys on CNBC
The level of the Dow doesn't measure the strength of the USD right?

As I understand the Dow is just an arbitrary number that doesn't relate to other economies.

Like if the Fed keeps cutting the rate to encourage borrowing and spending and building, etc. the Dow will reflect a "growth", but the strength of that growth compared to other World economies isn't quantified in some cute little number like 14,000.

I'm a noob at this stuff so tell me if I'm wrong or right.
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