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Matters Financial |
15 December 2003
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Falling Dollar Does Not Need to Mean Higher Inflation
The US dollar's two-year long slide brought it into record low territory last week, and the inflationphobes took to the pundit circuit to express their worries. It is amazing how everything causes inflation in their world. The fact is that a falling dollar is not inherently inflationary. Click here to read more.
Fed Holds Interest Rates at 41-Year Lows
The decision by the Federal Reserve to keep US interest rates at their lowest levels since the Kennedy administration came as no surprise when it was announced last Tuesday. Some were surprised that the Fed's announcement retained a promise made back in August to keep rates low for a "considerable period." There should have been no surprise in that either. Click here to read more.
Dow Holds Above 10,000
The DJIA closed above 10,000 last week for the first time in almost two years. Having retraced all that it has lost, the stock market appears to be ready to go higher. Traders and investors, though, have nothing like the enthusiasm they had back in 1999 when five figures was first reached. Put them down as older and wiser. Click here for our view.