CONTINUOUS DEVALUATION OF THE WORLD'S RESERVE CURRENCY THE USA DOLLAR HAS NEITHER BEEN GOOD FOR THE WORLD MARKETS, NOR THE USA DOMINANT ECONOMY.
Continuous devaluation of the world reserve currency the American dollar hasn't been good for the world markets, nor the USA dominant world economy that unfortunately has been on gradual decline compared to other major world markets that have continued to grow, inspite of the recession. Nobody seem to know what the actual problem might be, eventhough some experts have said that temporary devaluation in the USA currency the US dollar could mean much sales of USA products in the world markets that have been hit hard by the financial upheavels and recession.
Nevertheless, abnormal flactuations in the downwards trend of the USA stock market has been the undoubted fact and proof that something not known has not been fixed, despite the much floating money in the USA domestic markets.
Written by Godfrey Ohia.
Wednesday, April 28, 2010
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