The declining Dollar
A well reasoned article on the US's declining Dollar and how this is going to spell doom and gloom for us... NOT!
Check out:
Good News on the Declining Dollar, Savings & More
There is too much to really excerpt, it's worth the ten minutes to go there and read. Here are a few tid-bits:
�For the historically short-sighted, let�s remember we have been here before. Between 1985 and 1995, the dollar declined by 43 per cent against the world�s big currencies � somewhat more than it has in the past six years. That period was also marked by dire proclamations of the end of US economic power. But it turned out that in those years the foundations were laid for the strongest period of US economic growth in the past 35 years�
And:
Not only is our Federal budget deficit a very manageable 1.2% of GDP (which is half of the average rate for the past 40 years), but our national debt is modest as well. For more on this topic, see National Debt at $9 Trillion
And one last one:
Many people who denounce our national savings rate do not realize that the savings rate statistic does not include most investments nor does it include assets in retirement plans or even home equity. For more on this, see $57.9 Trillion � American Net Worth
These last to excerpts contain links to other entries at
Fundmastery Blog
Some good and interesting reading over there -- definitely one for the blogroll...
Posted by DaveH at November 25, 2007 7:12 PM