When the job numbers tommorrow show the clinton recession is over and the Bush recovery is in full effect ACG should retreat, however I dont see us dipping below the 28dma at 8.15-8.20. If we retreat lower I will add.
So you want to say that having the biggest spender of our nation's history in the white house has no effect in the fate of the dollar.
Greenscam and Shrub are two thieves who are going to destroy this great country.
>Much as I would like to simplistically hang dollar behavior on the current officeholder, the reality once again is powerlessness in this area for Administrations and all power held by Central Bankers. Here are the facts:
(1) When created, the euro was pegged at a 1:1 ratio to the dollar
(2) By the 1999-2000 period, the euro had fallen to $.82. Why? Because European Central Bankers were expanding their money supply rapidly at the same time the Federal Reserve was turning on the screws with increases in the Fed Funds and discount rates.
(3) The euro is now around $1.21. Why? Because Europe was tightening at the same time the Fed was loosening like crazy.
Bottom line: Central Bankers, not markets or Administrations, control the value of currency, because they control the supply.
<<When the job numbers tommorrow show the clinton recession is over and the Bush recovery is in full effect ACG should retreat, however I dont see us dipping below the 28dma at 8.15-8.20. If we retreat lower I will add. >> above by woogs2003
Until President G.reedy W. Bush (republican) and his greedy republican buddies stop lining their pockets on our credit card and they are voted out of office this republican created recession will continue.
The economy tanked in March of 2000; you can find this information with a simple google search, by the time Bush took office the recession was in its second quarter. Bush didnt set any economic policy until the third quarter of 2001 so how is the tanking of the economy attributable to Bush? Of course having to deal with 9-11, corporate fraud, the Taliban, and a tyrant didnt help. Man this whole hae Bush thing has blinded otherwise objective people.