Dow Jones Rises As US Dollar Falls
It seems like the Dow Jones has been setting pretty much left and right over the past few months. Just today it finished over 13,900 for the first time. The Dow Jones is up 11.50% so far in 2007. You’d think with all of this recent movement that its’ owners wouldn’t be looking to sell anytime soon, but, as far as I can tell the Dow Jones is still very much available for sale if the price is right.
Interestingly enough, regardless of the record setting Dow Jones stats, the US dollar has been dropping in value. Sure the two are not directly related, but it’s still an interesting coincidence if anything. Apparently Europeans have been visiting the US recently to take advantage of the decrease in our dollar’s value. One of the factors behind the recent decline in the dollar is due to a spike in yen. I guess now is a good time to buy some gold. Who wants actual money anyway.
Source: CNN
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A few months ago the feds stopped publishing M3, which is the total supply of dollars in the country. The government doesn’t want you to think about the fact that we are printing dollars at an astonishing pace. The EuroUnion is not all that healthy, but their currency is trouncing ours. Because we are in a strong global economy, we are not seeing inflation as a result of the dollar overload, but one day a economy in the global system will slide and inflation will balloon in this country. Prepare yourself in the good times for what might follow.
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