Quote:
Originally Posted by Myst
Anyone know? I mean it looks like things are going to get worse before they get better, but I dont know much about economics.. I dont know if the US govt has planned to do anything about the dollar, change interest rates, whatever.
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Sure it's dropping Myst - and will drop more before any light shows.
The govt are doing what they think they should do - so far, this means printing more money. The effect of that is the dollar drops more, but they need more liquidity in the system to encourage a recovery.
Don't make much difference where we are - it's like sitting on the fence and benefitting both ways. Any US stuff gets immediately converted to Euros.
If you are in Canada - it's a good idea to kill any relevant balances in your dollar account and change to CDN, Euros or GBP
