Quote:
Originally Posted by pilotbob
I am very happy the dollar is rising. It is evident in our gas prices which are back to the $2ish a gallon area. Of course gold investor are non-to happy I assume. What I don't understand is why. We just comitted to almost a 1trillion $ bailout of much of our financial/mortgage sector and you would think this would weaken the $ against other world currencies.
BOb
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The world economies are in the same bad shape. Like it or not the whole world is keyed into the same economy. The USA problems have become the world's problem. Once confidence is lost all economies go down. It shows that the world cannot any longer allow widespread bad business practices since the effect is so broad.
Dale