Dollar set for sharp decline, Goldman forecasts

Filed in Bank Gold, euro, gld, Gold, goldman sachs, obama, printing money, stimulus by on October 7, 2010 0 Comments

Richard Blackden London Telegraph Oct 7, 2010 The dollar will embark on a sharp decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy makers in Washington look poised to press the trigger on another round of printing money. The investment bank expects the dollar to drop to $1.79 against the pound in six months and $1.85 in 12 months. Sterling closed at $1.5891 in London yesterday. The euro won’t be spared either, with the dollar’s slump forcing it to $1.50 six months from now and $1.55 in a year’s time. Powered by President Obama’s stimulus package and a rebound in inventories, the US recovery peaked in the final three months of last year and has been slowing ever since. Full article here Having A Supply Of Healthy Foods That Last Just Makes Sense (AD)

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Dollar set for sharp decline, Goldman forecasts

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