Make no mistake about it, the Fed fears inflation being made worse by a plunging U.S. dollar. And, yes, the dollar is at its lowest valuation to other currencies than ever - ever. But, will it continue to go lower or are there other stabilizing market forces that will stem the tide of further devaluations. At least, that no more "plunging" occurs. Yes, down a bit more is possible, but be prepared for this to level off at some point and for the dollar to rise again in the coming years.
What goes up must come down means that what goes down must come up, also. Of-course, a complete collapse of the dollar is quite unlikely since the U.S. is still the largest economy by far - four times the size of its nearest competitor Japan.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.