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Diversify Out of the Dollar with Currency ETFs
You’ve seen the headlines: U.S. Dollar Plunges! U.S. Dollar Surges!
Why should you care? More to the point, why won’t the dollar just hold still?
Actually, in one sense it does hold still. Whatever happens in the currency markets doesn’t change the number of dollars in your wallet — or your bank account. But it can certainly change what your dollars are worth in comparison to other currencies.
If you live in the U.S., the day-to-day swings in the dollar are nothing to worry about. The long-term downtrend in the dollar is another matter. Since the beginning of 2002, the U.S. Dollar Index…
18Jun2009 | Money and Markets | 0 comments | ContinuedWhat Moves Up 3 Times Faster Than Gold?
The dollar is out. The U.S. dollar index has fallen 5% last week.
Treasury bonds are quickly falling out of favor. The yield on 10-year Treasury bonds has climbed from 2.5% to almost 3.5% since March signaling inflation fears and an unwillingness to fund ballooning government borrowing.
Gold is hot. Gold prices are back on the rise and gold stocks have done even better.
Is this a sign of things to come?
Well, if you take a look at the mainstream headlines, you’d think so.
An editorial headline on Bloomberg proclaims, “Dollar is dirt, Treasuries are toast, and AAA is gone.”
Even CBS News is…
28May2009 | Q1 Publishing | 0 comments | ContinuedRushing Toward Zero
“The Incredible Shrinking Interest Rate!”
Well, you’ve probably heard about the Fed slashing its key interest rate by 0.75% to historic lows, with the federal funds rate (the interest banks charge each other on overnight loans) now hovering between 0.25% and zero.
The prime lending rate used to peg rates on home equity loans, certain credit cards and other consumer loans should move lower, which could help you as a consumer if you’re a borrower. However, a 30-year fixed rate mortgage is still 5.53%, a car loan more than 6%, a home equity loan more than 8% and credit interest rates more…
19Dec2008 | Oxbury Research | 0 comments | Continued
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