Dollar hovers around record lows (BBC)

[BleedingHeartPatriot]

Last Updated: Friday, 31 December, 2004, 12:42 GMT

The US dollar hovered close to record lows against the euro on Friday as concern grows about the size of the US budget deficit.
Analysts predict that the dollar will remain weak in 2005 as investors worry about the state of the US economy
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The Bush administration's apparent unwillingness to intervene to support the dollar has caused further concern.
>snip

Disappointing business figures from Chicago triggered the US currency's weakness on Thursday.

The National Association of Purchasing Management-Chicago said its manufacturing index dropped to 61.2, a bigger fall than expected.

http://news.bbc.co.uk/2/hi/business/4137415.stm

MKJ

[benburch]

1. The worst is coming. The Housing Bubble.

The weak economy is going to burst the housing bubble within the next 9 months or so.

I expect record foreclosures, massive homelessness, and (paradoxically) a run-up in rental unit prices that will price those formerly able to afford rentals out of their homes.

[AndyTiedye]

2. Nobody Will Buy Our Stuff, No Matter How Cheap it Gets

Booosh** has so throughly alienated all of our trading partners,
that it just isn't cool to buy American stuff anymore.