Tuesday, April 26, 2011

Don't Like a Weak Dollar? Might as Well Get Used to It. Everything will go up - gas, food, stocks.

Dollar is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.

Huge US national debts and deficits

$1 trillion military budget, rose 81 % since 2001

the rout of the US dollar is in full effect.

"Panic dollar selling is setting in," Gartman, a hedge fund manager and author of "The Gartman Letter," wrote in his daily commentary.

"This may carry farther than any of us dream of or, worse, have nightmares of."

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