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Posts Tagged ‘value of dollar’

Bloomberg Poll Casts Doubt on Barack and Ben

Posted by Larry Doyle on November 11th, 2010 10:51 AM |

That haze hanging over Washington DC is not the residue of last week’s elections, it is the less than sanguine outlook of investors on the policies and programs being put forth by President Barack Obama and our lead central banker, Fed chair Ben Bernanke. How hazy? Well, close to two thirds of those polled recently by Bloomberg are pessimistic about Barack’s policies and how they affect the investment climate in the United States. More than three quarters of those polled believe the Fed’s newly launched round of quantitative easing will have little or no benefit on unemployment. Ouch!!

In regard to the greenback, almost seven in ten polled believe the U.S. is deliberately trying to weaken the value of our dollar relative to other currencies. Who else believes this? (more…)






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