Will the US dollar keep falling?
Sat, 2007-08-11 10:39
Will the US dollar ever stop falling?
My short answer is yes .
Believe it or not, the dollar has actually had two major bull market rallies since it began trading in competition with the other major currencies back in 1972. The buck has had two major bear market declines, and is now locked in its third bear market dating back to July 2002.
It was 1972 - a year that forever changed the currency world. Until then, all currencies were anchored against the U.S. dollar and countries holding dollars were allowed to exchange them for gold. (The system worked pretty well - because you consistently received real tangible wealth for paper money.)...
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