Recession?
The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
The decline is accelerating. The USD has shed -12.5% of its value in the last year, -3.5% in the last month, and -1.5% in the last week alone.
The Canadian dollar passed US $1.10 today
The Euro has passed $1.47
Dollar hits 26-year low against pound - The Pound is now over $2.10.
7 Countries Considering Abandoning the US Dollar
Oil prices race towards 100 dollars a barrel
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I’m not try to be a “doom-sayer”, but we should all be a bit prepared…
The U.S. dollar is continuing to weaken, and the general consensus of financial experts reflects a future that doesn’t look good. According to these experts, there is room for the dollar to continue to fall.
Equally bad signs include the following:
It’s not looking good – and now 6 in 10 consumers see a recession in the near future.
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