View Poll Results: How low might the US$ Index go

Voters
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  • 76-80

    0 0%
  • 71-75

    5 55.56%
  • 66-70

    0 0%
  • 61-65

    1 11.11%
  • 56-60

    3 33.33%
  • 51-55

    0 0%
  • 46-50

    0 0%
  • 41-45

    0 0%
  • <40

    0 0%
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Thread: How low might the bonar go?

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  1. #1
    Join Date
    Apr 2006
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    Texas>home of GW Bush, Dick Armey, Tom Delay, Phil Gramm
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    Default How low might the bonar go?

    Peter Schiff http://www.safehaven.com/article-6367.htm on 11/24/06 opined, "Unfortunately the technical outlook for the dollar, and by extension that of the entire U.S. economy and the financial markets it supports, is rapidly deteriorating. The dollar Index, now trading near 83.5, has broken though some key support levels and the next test will likely be its all time record lows of just under 80. If that test fails, as it most likely will, look out below. Once the dollar moves into uncharted territory, the selling could intensify, with the dollar index trading below 70 in short order. My ultimate target for that index is 40, which would literally cut the dollar's value in half. I think the entire move could occur in just two years. Again, putting that decline into perspective, it is the equivalent of over a 6,600 point decline in the Dow. Of course this assumes the Fed finally gets religion and Congress and the President heed its sermon. If not, and hyperinflation ensues, the dollar index could fall far lower, perhaps even breaking into the single digits before bottoming out."

    What do you think? I should have perhaps noted a time frame, so think in terms of 2 years.
    Last edited by Jim Nickerson; 12-03-06 at 01:54 PM.
    Jim 69 y/o

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