Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Dollar Breakdown: What’s Next?

Courtesy of Mish.

The US dollar index is down about 12% from the highs of late last year. It has broken support, no matter where you draw the trendline.

What’s Next?

No one can say for sure “what’s next”, certainly not me. But I can say that European investors need significant annual gains in US equities just to match the declining value of the US dollar.

Last week, Pater Tenebrarum at the Acting Man blog pinged me with this comment: “People underestimate how sticky currency trends are.”

Given the significance of what this trend change means for the monetary cycle and the current bubble in U.S. ‘paper’ assets, it’s eerie to watch this rollover in the dollar unfold in utter silence.

Mike “Mish” Shedlock


Original article here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!