Round the Mulberry Bush of a Weak Dollar, Where is the Weasel?
How about a little thematic thinking? As everyone knows, investing, finance, and business rely on confidence. And confidence relies on trust. For example, if the pricing of assets cannot be determined, then trust is eroded and confidence is shaken. On a financial markets basis, solutions to such problems tend to be very disruptive yet solvable. Recent case in point: sub prime mortgages and credit derivatives. A work in progress, but progress is being made. It is, however, quite another story when it comes to world’s economic leader, the U.S. If confidence in the world’s economic leader is brought into question, then investors start the process of preservation of their assets. Such is the case with the weakness in the U.S dollar, the single factor that strikes fear in the hearts of the superbulls. With the U.S so far out of step with the rest of the world on so many levels (geo-political and economic, for example), it is understandable that the U.S. dollar should bear the brunt of any l
