The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. We do not propose to tell you what the news is. You can find that out anywhere for free. Instead, we try and tell you what news is worth paying attention to and what it might mean for your money. ...
With inflation creeping into the American economy in the form of rising food and fuel prices, the real consequences of weak dollar are coming home to roost. And it seems to be bothering Americans psychologically as well as economically. "It's not just the economic impact," Paul Burt, the head of Westlake Financial Group, tells Bloomberg. "The perception of the decline in the dollar is as important as the decline itself. The dollar needs to be respected in the world, and the government needs to realize that." ...
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