Quote:
Originally Posted by Sushi
and that is because of confidence in the US economy, despite all the difficulties.
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I don't think it is entirely due to confidence.
I don't buy the safe haven BS the news feeds us.
This 400 BILLION $$ Bond ploy by the Fed Res. is plenty reason enough to upset the dollar 3c.
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Is it confidence that saw international investors flock to the US markets? Or was it half a trillion dollars worth of low interest bonds with which to hide bad debt????
I also agree with the above poster who suggested that energy is undervalued. I think it is significantly undervalued.
Energy is the greatest currency of all.