Wednesday, March 19, 2003

categories: Financial Asleep at the Wheel? Treasurys Continue Decline Amid War Moves and Fed Inaction. Treasury prices slipped further Tuesday on a war-induced hangover and the decision by the Federal Reserve to keep short-term interest rates on hold while also refraining from declaring itself on the risks facing the economy.   12:39:33 PM  Google It!  comment

categories: Financial Dollar gains as Iraq conflict looms large The dollar rose to its highest levels in a month against the yen and advanced versus the euro on Wednesday, as a seemingly imminent attack against Iraq prompted expectations of a rapid conclusion to a war. Mark my words, this is only a temporary gain, as the Iraq war is prosecuted the dollar will come under attack and will sharply loose value against other currencies. There stands a very real chance that the US will fall into a depression.   12:05:44 PM  Google It!  comment