Friday, June 12, 2009 12:27:14 PM
Everyone is entitled to their opinion. But unless you are simply parroting what you heard someone say, without a clue as to why they said it, you must have some 'reason' for believing that the dollar is going up up up.
I believe that while there will be advances and corrections in the dollars journey, the overall direction will be down.
Part of that belief is based on experience. I have lived on the planet long enough to note that except for technological advances making electronic gizmos cheaper, the cost of nearly everything has gone up. Whether you are buying a car or a glass of orange juice it costs more today than it did a decade ago.
Here's a link showing food cost increases in just the last two years:
http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/
My contention is that the current spending spree being employed by the government is going to devalue the dollar significantly. That means commodity prices are going to soar.
I could be wrong, but at least I offer a fundamental 'reason' for my opinion. I would appreciate it if you would do the same.
"The sky is falling" and "To da moon" are neither fundamental nor technical arguments.
I believe that while there will be advances and corrections in the dollars journey, the overall direction will be down.
Part of that belief is based on experience. I have lived on the planet long enough to note that except for technological advances making electronic gizmos cheaper, the cost of nearly everything has gone up. Whether you are buying a car or a glass of orange juice it costs more today than it did a decade ago.
Here's a link showing food cost increases in just the last two years:
http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/
My contention is that the current spending spree being employed by the government is going to devalue the dollar significantly. That means commodity prices are going to soar.
I could be wrong, but at least I offer a fundamental 'reason' for my opinion. I would appreciate it if you would do the same.
"The sky is falling" and "To da moon" are neither fundamental nor technical arguments.
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