More government's takeover in the U.S. to come? Forex on Monday 07.08.09 The U.S. bail out Fannie M
Kategorie: Dollar Forex, 20.Mai 2009
The U.S. bail out Fannie Mae and Freddie Mac. What follows next?
The dollar has benefited from the nationalization of mortgage financing and has benefited in forex trading.
What follows now? Is this a flash in the pan or brings the state intervention a long lasting support for the dollar?
The automobile industry hopes to make itself billion U.S. dollar support.
The
question now is how long and how much can the U.S. government still
give financial to the whole economy? The fire department can only
battle fire as long there is water.
To the whole exercise to
finance the suffering economy, more money must be printed and inflation
will increase. Bright times for gold?
Forex rates at 14:00 EUR / USD 1.4199 EUR / CHF 1.6044