Thread: What the Crashing Dollar Means for You

U.S. Dollar Has A Long Way To Fall Michael Berry, 11.16.09, 1:10 PM ET Gold is soaring Monday, trading at $1131 per ounce. President Obama is in China, calling for a new relationship. New relationship, indeed! On the surface of this visit everyone is smiling. Immediately below surface the dollar is falling--again. There is tremendous global finger-pointing today. Liu Mingkang , head of China's CBRC, said that the combination of a weak...

As dollar tumbles, America is up for grabs U.S. dollar bills. Getty Images Era of foreign acquirer seems to be getting closer Globe and Mail Update Published on Friday, Nov. 13, 2009 7:34PM EST Last updated on Sunday, Nov. 15, 2009 11:30AM EST O utside, the sky was bleak and the snow was drifting. But inside the meeting hall in Toronto's financial district, the mood was warm, as it usually is when Warren Buffett is in the house - even on...

The Dollar Collapses Commodities, stocks and foreign currencies all rise as investors sell dollars. The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading....

It has to be bad when even the drug lords won't take dollars. OCD Drug cartels no longer want US dollars International drug cartels have abandoned the US dollar for high denomination euros to launder millions in illegal profits, Europol has revealed. The gangs no longer use $100 bills because €500 notes - the largest denomination of euro - take up less room when transporting large amounts of cash across the world. Read Full Story

Dollar reserve status seen in slow slide Wed Nov 4, 2009 12:25pm EST By Nigel Davies http://www.reuters.com/article/ousivMolt/idUSTRE5A343I20091104 LONDON (Reuters) - The dollar's edge as the world's leading reserve currency will be chipped away only slowly, and it is likely to remain dominant for many years, a Reuters poll of foreign exchange strategists showed. The dollar makes up an estimated 63 percent of central banks'...

Sliding U.S. dollar continues to shock National Post The Canadian dollar extended gains to hit a new one-year high against the U.S. dollar as oil prices surged and in the wake of strong Canadian jobs data late last week. Mark Shenk, Bloomberg Published: Tuesday, October 13, 2009 National Post The Canadian dollar extended gains to hit a new one-year high against the U.S. dollar as oil prices surged and in the wake of strong Canadian jobs data...

Value Is in Eye of the Holder OCTOBER 19, 2009 Web of Factors Make It Hard to Peg Greenback's Worth By MARK GONGLOFF Despite all of the ink and tears spilled on the dollar's recent decline, one nagging question still hasn't been answered: What's the dollar really worth? Economists and analysts around the world have several yardsticks for measuring a currency's value, but at the end of the day they all come up short in...