The dollar keeps sinking because profitability in the US is declining.Investors are selling dollars to invest the proceeds in other countries. One of the ways to change the trend of the dollar is to change government policies.
Profits are under pressure because the majority of our industries do not make products competitive in the global markets.
The Euro is strong because Germany and the northern European countries make products needed by developing countries to produce state of the art merchandise and products.
The decline of the dollar is saying we are losing purchasing power relative to other countries.
We need to become smarter and work harder than the rest of the world. Social programs and new suffocating regulations are not the right medicine.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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