DaveinHackensack

While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip

<I>"What a surprise to see a totally unexpected expansion in US manufacturing activity, that is according to the ISM report released Tuesday."</I>

It shouldn't be a complete surprise that the weak dollar would help spur American manufacturing exports. It's this increase in exports that has kept us out of a recession so far.

Another Record Oil Surge Leans on Stocks and Dollar

Worldwide recession/depression? Countries such as Australia and Brazil, that are benefiting from the secular bull market in commodities, are booming. Their currencies are strong, and their respective central banks' key interest rates are high, leaving them plenty of dry powder to stimulate domestic demand if economic growth in China should slow, reducing demand for their respective commodity exports.

Things may look gloomy in the U.S., but it's a big world out there.