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Old 11-07-2007, 07:54 PM
The once and future king The once and future king is offline
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Join Date: Aug 2004
Location: Iowa, on the farm.
Posts: 3,965
Default Re: Why will the dollar rally?

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Will the news of China diversifying out of dollars mean that the FED will have to stop cutting rates?

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Short answer: No
Long answer: It isn't going to happen anyway
Longer answer: If it did happen there would be little effect on the "average" American. As I implied above the dollar is falling, the Fed is cutting, unemployment numbers/percentage is low and inflation is well below acceptable limits.

Jimbo

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Sorry to be a linktard but this bit of video pefectly encapsulates my thoughts on the above:

The stats are all lies, lies I tell you.
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