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Message: Inventory Down - Dollar Up - yet again!

Re: Inventory Down - Dollar Up - yet again!

posted on Oct 09, 2008 09:17AM

I would sure like to know that too Freedom. It makes no sense to me.

The only thing I can imagine is that the Fed is driving the dollar up with intervention in the market place.

That makes sense to me as a strategy, as the US is a big net importer, and a strong dollar is helpful to them. For us, our manufacturing sector relies on a lower CDN dollar because we have a significant trade surplus.

Of course, I am not an economist. If I was, I would be a do-nothing, navel gazing professor. Or a do-nothing, navel-gazing prime minister. ;)

Cheers,

Bluenoser

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