Saturday, May 3, 2008

Why The Dollar Is Strengthening

Yes, the dollar is rallying. It’s been on a tear the past week.It must be because the U.S. economy has turned around. The deficit no longer needs to be financed with over $2 Billion a day in foreign investment.Interest rates are appropriately high to be able to fight this soaring inflation.The US government has stopped spending wildly, and the Budget is balanced.The mortgage lenders have recovered all of their losses.There is no longer a credit crunch.And the war is the Middle East is finally over - the US is d[...]

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[Source: The Money Blogs]

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