Saturday, March 28, 2009

Dollar Could Be...

...Ready to Move Higher Again ...

Two pieces of recent economic data have me expecting more of the same risk-averse capital to be driving the U.S. dollar back higher soon:

Japan's exports plunged nearly 50 percent in February — an obvious sign global demand has come to a screeching halt. Tack on the slowdown in exports for the U.S., China, and Germany and you've painted a real ugly picture for the export side of the global economy.

U.S. fourth-quarter GDP sunk by 6.3 percent. This was more than had been expected. Perhaps it's a lagging indicator. But such a dramatic slowdown bodes ill for any bounce-back strength out of the U.S. consumer.

Larry Potter
www.ATicketToWealth.com
http://www.youtube.com/watch?v=ObVVfulxlBk

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