Living in Brussels and travelling periodically to the States, I am not aware that the euro's value was declining before about last week. For several years it's been strong vis-a-vis the dollar.
>One of the reasons given for the strength of the US dollar is that it is >regarded as a safe haven. I can see that people might avoid currencies such as >the euro because of the decline in economic prospects there and also in other >countries which have declining currency values but why would investors not >prefer gold or purchasing companies which are dirt cheap in many case rather >than buying US dollars. What makes people think that it is safe? > The U.S. economy is in very bad shape and the debt is ballooning. Why buy > the U.S. dollar? > >Blog: http://kenthink7.blogspot.com/index.html >Blog: http://kencan7.blogspot.com/index.html >_______________________________________________ >pen-l mailing list >[email protected] >https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
