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Why the Dollar is Falling

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DU_ONE Donating Member (81 posts) Send PM | Profile | Ignore Fri Mar-11-05 04:52 AM
Original message
Why the Dollar is Falling
By Antony P. Mueller

"The dollar is our currency, but it's your problem."

One must not forget that three of the most essential prices in the modern monetary economy are politically determined or manipulated prices: the oil price, interest rates, and the exchange rates.

Given the importance of these three prices for the economy and their potential direction, it is not difficult to assess the prospect for asset prices, particularly those of stocks, bonds, and real estate which all must come down when the fall of the dollar continues.

http://www.mises.org/fullstory.aspx?Id=1759
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dave123williams Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 04:55 AM
Response to Original message
1. Gee; I guess we must look like a bad long-term investment or something...
Edited on Fri Mar-11-05 04:55 AM by dave123williams

Golly; I wonder why that is?
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Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 05:00 AM
Response to Reply #1
2. The pain hasn't started yet.
Edited on Fri Mar-11-05 05:01 AM by Old and In the Way
But when it does, it's going to be wide and deep. It's like being in a Hummer....with only a single loose lugnet on each wheel. We are making progress on the road to nowhere.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 05:30 AM
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3. good one.
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 06:31 AM
Response to Reply #2
4. Don't forget the loose lugnut behind the wheel. n/t
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