Wednesday, December 17, 2008

Speculation: Are we propping up foreign currencies?

Judge for yourself, we've been rising against foreign currencies, now this;

The Financial Times - "The dollar and sterling plunged and government bond yields in the US and Europe fell to multi-decade lows on Wednesday as investors tried to digest the implications of the Federal Reserve’s new near-zero interest rate policy."

It would appear, that we are. We also appear to be the wealthiest nation, but even the wealthiest nation, has limits.

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