damn that george bush! he has ruined the entire world!!11!
mccain should play up the fact that the US economy is significantly out performing the rest of
the world. especially since The BarackStar! called himself a "citzen of the world" during his german
rock concert. it would make for an easy segue into the flat economic fact that current oil prices
are a product of worldwide demand, and quite beyond the control of GWB, who BHO seems to
think he is running against.
US dollar rallies as extent of worldwide recession becomes clearer
The psychology of global markets has shifted hugely over recent days as it becomes clear that Europe, Australasia and parts of Asia are sliding into recession.
The US dollar has launched its best rally in half a decade, reflecting a recognition that half the world is in even worse shape than the US. In fact, America is the only G7 country to eke out modest growth this summer.
The US dollar index - currencies watched closely by traders - smashed through resistance yesterday in the biggest one-day move since the long dollar slide began seven years ago.
"This was highly significant. Perceptions have changed," said Ian Stannard, currency strategist at BNP Paribas. The greenback gained three cents to $1.5050 against the euro, with big moves against other currencies.
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"We see a deep global recession," said Albert Edwards, chief strategist at Société Générale.
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