
Is a strong dollar good or bad for the economy?
It depends on a slew of factors, actually, to answer this question.
By Money Morning Staff Reports, Money Morning -
Is a strong dollar good or bad for the economy?
It depends on a slew of factors, actually, to answer this question.
By Money Morning Staff Reports, Money Morning -
Is a strong dollar good or bad for the economy?
It depends on a slew of factors, actually, to answer this question.
Here's a look at the pros and cons of a strong greenback...
By Money Morning Staff Reports, Money Morning -
Is a strong dollar good or bad for the economy?
It depends on a slew of factors, actually, to answer this question.
Here's a look at the pros and cons of a strong greenback...
By Michael E. Lewitt, Global Credit Strategist, Money Morning • @MichaelELewitt -
You might think the U.S. dollar is going to crash. That makes sense as the value of paper currencies continues to be destroyed by central banks trying to reduce their debt.
But the dollar's been getting stronger since 2014. And if it moves up through its next resistance level, it would rock financial markets.
Let me show you how to get this right. Because everything depends on what happens to the dollar.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, believes a U.S. dollar crisis is underway.
"The dollar is very overvalued...and the dollar is a bubble," he told Newsmax Prime on Aug. 11. "This dollar bubble is going to burst."
Indeed, two weeks later and Schiff's prediction proved timely. The U.S. dollar index has suffered a fourth-straight loss, and U.S. markets have plummeted in the worst weekly sell-off in four years.
By Money Morning Staff Reports, Money Morning -
China fired a shot heard 'round the world Aug. 11, stoking fears of what could become the ugliest of all currency wars. In a surprise move, the country massively devalued the yuan 2% - its biggest one-day devaluation in 20 years.
China's yuan devaluation will have more than just that immediate impact - it gives the country unprecedented, long-term control over the U.S. dollar.
Here's how China has managed to place the U.S. dollar on puppet strings...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
For the last 15 years, the U.S. dollar has been heading for total destruction due to the end of the petrodollar.
The petrodollar is a system in which every oil export around the world is priced in dollars.
It worked for 40 years – but now it’s one of five “flashpoints” that will trigger economic collapse…
By Michael E. Lewitt, Global Credit Strategist, Money Morning • @MichaelELewitt -
With the purchase of Picasso's <em>Les Femmes d'Alger dans leur appartement</em> (Version O) for $179 million, the world was served up another piece of evidence that money has lost all value.
Some will argue that such a price is justified for such a one-of-a-kind object, but what is really going on is not that the value of art is increasing but that the value of the paper currencies being used to buy it is being destroyed by central banks who print trillions of dollars of money around the clock.
By Money Morning Member Alert, Money Morning -
Larry Fink says the strong dollar is bad for the U.S. economy. That's no surprise. But the Blackrock boss didn't mention, in his April 6 interview with the Financial Times, that the skyrocketing dollar could trip up the biggest tech companies - those that thought themselves smart for parking squillions overseas to avoid U.S. taxes.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Deflation in 2015 seems to be upon us. And while falling prices might seem like a good thing, deflation can wreak havoc on the economy.
In a deflationary period, prices will drop, corporate profits will dry up, wages will shrink, and all of this will reinforce the conditions of recessions.
These four charts show that the U.S. has a real deflation problem now...
By , Money Morning -
I've been following one of the biggest "stealth" stories of the year: the rise of China's yuan as it gears up to take its place on the world stage.
Towards this very goal, China has taken steady, calculated steps for some time.
It's also no secret that China and Russia have a "special relationship" that will drive this trend.
By , Money Morning -
Beware of unintended consequences.
That's the advice I'd give Western leaders when imposing sanctions on Russia over the Ukraine crisis.
You see, Putin's been racking up his air miles, hastening the pace to replace the petrodollar.
It's a topic I recently discussed here, along with an investment idea for a "counterattack."
At the end of Putin's two-day trip to China last week, the two nations signed a landmark natural gas supply deal, driving another large nail in the dollar's coffin.
By , Money Morning -
The U.S. dollar has been the world's de facto reserve currency for almost 90 years.
But this financial dominance may be nearing its end.
In recent years, China's been floating the idea the yuan should take on the dollar's role as the world's reserve currency.
In fact, the Chinese have already negotiated numerous bilateral trade deals that completely bypass it.
And they've even called for efforts to "de-Americanize" the global economy.
Whatever happens, China's economic rise foreshadows increased influence.
It's a trend that not only has serious implications, but also great profit opportunities, if you know what to expect...
By Larry D. Spears, Contributing Writer, Money Morning -
The best currencies to invest in for 2013 come from Asia, South America, Australia - but not the United States.
The Federal Reserve's misguided insistence on a loose monetary policy, ongoing resistance to government spending cuts, and another increase in the U.S. debt ceiling will all conspire to boost inflationary pressures and restrain the value of the U.S. dollar.
That will, of course, impact domestic market performance and cut into real returns on dollar-denominated investments - but it will also provide major opportunities for U.S. investors who can target issues denominated in the strongest foreign currencies.
Unfortunately, that doesn't include most of the world's other major currencies - including the euro, British pound and Japanese yen - since the economies of the underlying nations are also suffering from sluggish economic recoveries and problems with excess debt.
As such, the strongest currencies in 2013 will likely be found to the north and west of the United States, starting with the neighboring Canadian dollar.
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
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By , Money Morning -