Shifting Gears: The Declining Dollar
I've decided to fire up the old blog again, but this time I am going to be re-focusing my posts broadly around the weakness of the US dollar.
Why the reason for the change? I think we're on the cusp of a very tumultuous time in world economic history. In the same way that a basket of factors lead me to believe the real estate market was going to collapse three years go, I now see a different set of factors that is leading me to believe that the American dollar is about to be worth less than it has in quite some time.
For example, the dollar slid to a new 14-year low of 86.27 yen, while the euro pushed up to a fresh 15-month high of $1.5141.
I think this is just the start, the implications are epic and that there is a great deal of risk coming our way; there's also the possibility some opportunity as well.
Over the coming months, I'll share my thoughts with you and would invite you to share yours.
3 comments:
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