…And the Bears Whisper Back: "Just Watch the Dollar"!
November 14, 2004
In my last missive, I taunted and teased the bears as the market seems to have triumphed over their dire predictions of gloom and doom. I also allowed for some caution, primarily around the ever-sinking dollar. Sure enough, as the dollar has cratered to all-time lows against the Euro, a flurry of articles have percolated to foment new worries about the soundness of the American, and global, economy. I have listed a few references below. I start with what I think is the most important quote of all that I have read on this topic. Looks like it is only a matter of time before the Bushies learn that even we cannot thumb our nose at the rest of the world and do whatever we feel like doing…at least not without consequence…
(Note that these links will not remain active indefinitely. If you are checking in late, I strongly encourage you to do an internet search and track down some primary sources on this topic. Your bank account is counting on you!).
From "The Buck Stops Where?" by Spencer Jakab (Barron's, Nov 15, 2004)
Two other articles:
"Dollar's Decline Is Reverberating" (La Times, Nov 14, 2004)
"Administration Calm Despite Dollar's Woes" (AP, Nov 14, 2004)