About the dollar

Treasury Secretary Timothy Geithner said on Tuesday a strong dollar "will always be" in U.S. interests and that the Obama administration would not undercut the greenback to spur growth.

As always, it is the other way around. A strong country has a strong currency. A weak country has a weak currency.

The decline of the dollar since 2002 (click on the chart to enlarge it) is a reminder that we have become increasingly less competitive relative to the major economies of the world. The 10-year old decline of the dollar is a sad commentary of the policies pursed by our leaders!

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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