{"id":199062,"date":"2007-09-11T23:06:00","date_gmt":"2007-09-12T04:06:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/11\/dollar-drops\/"},"modified":"2007-09-11T23:06:00","modified_gmt":"2007-09-12T04:06:00","slug":"dollar-drops","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/11\/dollar-drops\/","title":{"rendered":"Dollar Drops"},"content":{"rendered":"<p>Because of the widespread expectation that the Fed will cut rates, the <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/e1281bc8-604c-11dc-8ec0-0000779fd2ac.html\">Dollar has hit a 15-year low<\/a>.<sup>*<\/sup><\/p>\n<p>This is the conundrum that I&#8217;ve mentioned earlier.  If the Fed cuts rates, it pushes the dollar down, driving up the cost of imported goods, and hence inflation, and if it doesn&#8217;t we see the economy tank.<\/p>\n<p>The dollar is unsustainable high.  It&#8217;s probably still got at least 15% to fall against the Pound and Euro, and likely 30-50% against the Yuan.<sup>\u2020<\/sup><\/p>\n<p><span style=\"font-size:85%;\"><sup>*<\/sup>Basically, low interest rates send foreign money looking for places with higher return on investment.<br \/><sup>\u2020<\/sup>This is just my wild assed guess, based on nothing by my gut.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because of the widespread expectation that the Fed will cut rates, the Dollar has hit a 15-year low.* This is the conundrum that I&#8217;ve mentioned earlier. If the Fed cuts rates, it pushes the dollar down, driving up the cost of imported goods, and hence inflation, and if it doesn&#8217;t we see the economy tank. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973],"tags":[],"class_list":["post-199062","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199062"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199062"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}