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2008-02-28 Home Front Economy

Dollar hits new low as Fed signals rate cut

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Posted by Steve White 2008-02-28 00:00|| || Front Page|| [6 views ] Top

#1 Rate cuts tend to make the stock market go up because it takes more of the devalued dollars to buy the same asset.

Posted by Glenmore">Glenmore 2008-02-28 07:40|| 2008-02-28 07:40|| Front Page Top

#2 Closed their eyes to the inflation the rest of us who actually do shopping and purchasing are witnessing right now, just to make Wall Street happy, till the proverbial s**t hits the fan. Wait till all those mandated 'Cost of Living' increases in Social Security, et al kick in and watch the deficit skyrocket. When they do apply the breaks, its going to be hard, not soft.

Posted by Procopius2k 2008-02-28 08:06|| 2008-02-28 08:06|| Front Page Top

#3 That's OK, as a major exporting country we shouldn't cry ourselves to sleep over a weak dollar. I was shopping online the other day for some weightlifting supplements and about crapped my pants when I saw the prices from the UK based stores. Now my little purchase alone probably isn't going to cripple the UK economy, but 300 million other people must have the same reaction of alarm when they see prices in Euro or British Pounds.

Posted by bigjim-ky 2008-02-28 08:16|| 2008-02-28 08:16|| Front Page Top

#4 bigjim, we were planning to take a trip to Ireland, but will stay in the cheaper USA instead again this summer.

Posted by Glenmore">Glenmore 2008-02-28 08:24|| 2008-02-28 08:24|| Front Page Top

#5 Who knows Glenmore, you may hit the lotto or something between now and then. I cant imagine what a hotel room would cost, I can't even afford a bottle of British Creatine capsules.

Posted by bigjim-ky 2008-02-28 09:30|| 2008-02-28 09:30|| Front Page Top

#6 It is my humble opinion, and I have nothing to back it up, is that the socialist economics that the two democratic presidential hopefuls are pushing, and the constant drum of the economy sucks by the msm is what is causing both the stock market and the dollar to decline.

Posted by bman 2008-02-28 10:53|| 2008-02-28 10:53|| Front Page Top

#7 bman: Certainly can't be helping matters.

Posted by Besoeker 2008-02-28 10:57|| 2008-02-28 10:57|| Front Page Top

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