RE:RE:Gold Price to climb back to $ 2000..bobofet wrote: Cant argue with that but we all know what happens at the mere mention of tightening.. or interest rate rise, and with this inflation one would have to assume this tapering is coming and interest rates must follow... so where are we headed than? signed opinions please
Just read an article on CNBC.com. Boeing is getting it's clock cleaned by Airbus, getting it's planes outsold 2 to 1 in the last year! I assume one of the big reasons is because of the strength of the US$. If a major industry, so important to the US economy is being so impacted by the strong US$, do you think the US fed is interested in raising rates, which would strengthen the $ even more and making the US even more uncompetitive on world markets!
A couple of posters have mentioned that it's a race to the bottom amongst all countries to get their fiat as low as possible for competitive reasons! There is lots of data out there showing that the US economy isn't doing as well as it seems so unlikely that the Fed is gonna raise rates any time soon!