By Nicholas Santiago on October 13th, 2010 3:17pm Eastern Time
Well, it happened again today, the U.S. Dollar Index is trading lower. Since this rally began the U.S. Dollar Index has declined nearly everyday and this has been the fuel for the market rally. Today was the first time that I heard the media mention that senior citizens and anyone else on a fixed income is starting to complain. When you consider that 76 million baby boomers are scheduled to retire over the next three years, there will be a lot more moaning and groaning over the weakening U.S. Dollar.
Just realize when the U.S. Dollar Index declines and loses its purchasing power everything that people need for survival is more expensive. Gasoline, heating fuel, bread, milk, meat, produce, and any other necessity will be more expensive. However, the stock market will be higher and the cheerleaders on the cable financial channel can get out their pom-poms in glee. This is madness and this country may have gone crazy. In any case, this artificial propping will not leave us with a happy ending.
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