nik_

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ON: Wed Apr 2nd 02:26 AM
Commented on:
10 Reasons Why the Dollar Will Strengthen

Is the outlook really getting healthier? Is the US forecasting a surplus this year? The article seemed to state that the dollar 'has to' stengthen simply because there is no alternative and the world cannot exist with a weak dollar. Only the first 2 reasons make some sense, the rest seem to have been added just to make it 10. The statement about Buffett actually doesn't help your case.
The one figure that matters most is the US deficit. I would have loved to see a reason that tackled the deficit problem. Unless that is reduced quickly enough, the dollar slide will continue no matter what. Govts and central banks will of course interfere to slow the slide, but just because people are stuck with dollars the world over doesn't mean it can be defended forever.
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