Sufiy.: US Dollar is a chosen victim of ongoing stagflation.

Thursday, July 17, 2008

US Dollar is a chosen victim of ongoing stagflation.

US Dollar is very close to waterfall scenario after breaking down from bearish flag. Every cook book in USA started with "Take more dollar and spice it with...." this is sad reality time is to pay for borrowed prosperity.

"Sovereign funds cut exposure to weak dollar

Some of the world’s largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency."

http://www.ft.com/cms/s/0/fc250ac2-5361-11dd-8dd2-000077b07658.html?nclick_check=1

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