From Reuters
Tuesday, January 25, 2005
http://www.reuters.com/financeNewsArticle.jhtml? [1]
type=bondsNews&storyID=7425896
WASHINGTON -- The U.S. dollar will see an orderly decline
over the next two years, the Congressional Budget Office
said in a report on Tuesday.
"CBO expects that the exchange value of the dollar will
decline during the next two years, largely because continued
deficits in the nation's current account will raise net
liabilities to foreigners to new highs," said CBO, Congress'
nonpartisan fiscal watchdog.
"In CBO's view investors will be less willing to add to their
holdings of dollar assets at current exchange rates and interest
rates."
It said although some analysts have raised the possibility of a
sharp fall in the dollar, CBO expects it to be an orderly fall
with little disruption to the U.S. economy.
CBO said this is because the expected return on investment in
the United States is still higher than in other countries. Also,
many countries that trade with the United States would want to
minimize the potential damage to their own economies by
stopping the dollar from falling too sharply.
CBO is also predicting an orderly fall because depreciation of
the dollar will eventually help boost U.S. net exports and
economic growth.
"That positive aspect of a drop in the dollar's value also helps
limit the extent of its fall," CBO said.
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http://www.goldismoney.info/index.html [21]
http://www.howestreet.com [22]
http://www.depression2.tv [23]
http://www.moneyfiles.org/ [24]
http://www.howestreet.com [22]
http://www.minersmanual.com/minernews.html [25]
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html [26]
http://www.goldcolony.com [27]
http://www.miningstocks.com [28]
http://www.mineralstox.com [29]
http://www.freemarketnews.com [30]
http://www.SilverSeek.com [32]
http://www.investmentrarities.com [33]
http://www.kereport.com [34]
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm [35]
(In Spanish)
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(In English)
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Ted Butler silver commentary archive:
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----------------------------------------------------
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