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Wednesday, May 19, 2010

USD Rise going Parabolic?

I hope the US dollar valuation has a bit of a pullback, at the rate it is gaining value, it could turn parabolic. And anything that goes parabolic up, doesn't have a pretty ending.

Quite a change from a few months ago where the demise of the USD was in the public news. Anyway I figured I would post this entry to mark that the USD has risen dramatically, and it is starting to look a little scary how fast it is rising.

And this is happening with US interest rates falling! With Obama spending TRILLIONS in debt. Imagine how ridiculous the USD would have risen if the budget was balanced? That would have caused some issues with US international businesses.

Well, thank goodness for US government is spending at such a break-neck speed in 2010 Trillions into debt. (thats good?)

Three charts below, first is most recent chart, the other two are charts from 2009 with me questioning if the USD would find a bottom around 74, well, it did.

From WebSufinMurfs FinancialBlog2


From WebSurfinMurf's Financial Blog


From WebSurfinMurf's Financial Blog

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