Dollar Soars Versus Euro
Kurt Brouwer October 22nd, 2008
Source: Carpe Diem
Not much positive news in the financial press this week, but one bright spot is the U.S. dollar which has steadily strengthened versus the Euro and other major currencies.
Why is this happening? In my opinion, investors all over the world are seeing good value in dollar-denominated investments such as U.S. Treasuries and other government-backed bonds (see Bonds Markets Pricing In Armageddon).
U.S. stocks also look pretty cheap (Warren Buffett: I May Soon Be 100% Invested In U.S. Stocks), not to mention real estate particularly in states such as Florida and California that have been hit hard.
- Economy , Geopolitics , Money
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