Eagle-Chief

Oil Jumps, Stocks Slide, Dollar Succumbs

Gracie - you state "US data released today didn’t give any strong indication of which way the US economy is going to head towards...."

However, your title says it all.. "Oil Jumps, Stocks Slide, Dollar Succumbs." THE US ECONOMY IS HEADED TO HELL IN A HANDBASKET. So, while the Fed talks "strong dolar policy," nothing is being done to actually strenghten the dollar.

The Fed can talk until it's blue in the face, but until the US returns to solid economic policy and stops spending money like there is no tomorrow, the United States and its dollar will continue to deteriorate.

The irony is that the US is evolving from the strongest nation on earth with a respected dollar into a nation which is loathed and a currency that is feared because it is falling so much in value.