http://seekingalpha.com/article/21258
Well the dollar is starting to matter.
We talked about this back in August and it
has always cast a shadow on our trading as I've never been able to get all
gung-ho while ignoring this pressing issue.
While we were all out having
turkey, the rest of the world took a long, hard look at our balance sheets and
downgraded us.
As our debt is looking riskier to foreigners, the rumors
that the Fed will LOWER rates to boost a slowing economy make no
sense at all to buyers of international paper (or to anyone who actually
understands economics).
So let's be very, very careful out there as things
may LOOK good over here but to other countries we look a lot more like this:
More comments on this later
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