Dollar is getting too high hurting exports. A raise after the new year inevitable.
But the common wisdom is a rate hike will strengthen the dollar and hurt exports so it is a reason to stay put.
I think it will come down to the CPI numbers for November to be released on Dec 15. We'll see.
Comment
rkelly110
BARRELED IN @ SBR!
10-05-09
39691
#37
Originally posted by Foxx
But the common wisdom is a rate hike will strengthen the dollar and hurt exports so it is a reason to stay put.
I think it will come down to the CPI numbers for November to be released on Dec 15. We'll see.
Yes, you might be right, but to get more offshore money from countries buying our dollar, they need to raise rates.
Comment
floridagolfer
SBR MVP
12-19-08
2757
#38
I think they'll increase rates this month and, frankly, I don't know why people are freaking out like this is the end of the world. This is no big deal. If you know how to manage your money and personal finances, this doesn't affect you.
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#39
Originally posted by floridagolfer
I think they'll increase rates this month and, frankly, I don't know why people are freaking out like this is the end of the world. This is no big deal. If you know how to manage your money and personal finances, this doesn't affect you.
Love this post.
If you have a really strong feeling gas prices are going up for example, make money off of that. Don't be the sad bastard complaining when it goes to $5 a gallon and then get all happy that it drops down to $4/gal.
