12/25/09

The importance of having a strong currency

News. The Dearborn, Mich., automaker said Wednesday that it expects to finalize the sale of Volvo to China's Geely Group early next year if financing and government approvals fall into place.

My point. A country with a strong currency will find it easy and profitable to buy assets of weak currency countries.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 by Timer Digest

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