Received this email recently found to be interesting...
"The dollar has long been the reserve currency of the world, giving the US tremendous power. But that power was built on the world's fragile faith in our currency. Stress cracks are beginning to show in the world's willingness to accept the dollar.
"I know Iran's President is not the most popular man in the world, or in his country. I know he is scrambling to retain power in Iran. And I know he is switching from the dollar to the euro in order to throw mud in our face. Nonetheless, this change is right in line with what is predicted in Conspiracy of the Rich. The dollar is losing its power as the reserve currency of the world. In other words, the American empire of debt is coming to an end. "
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Don't know what will be the impact if USD continue to slide downwards...
In short term US stocks appear to be cheaper! Singapore probably will not let the SGD continue to strengthen which could offset trade balance.
If the confident on the world dominant currency is shaken, investors are pulling out..hopefully to Asia and EM.. may be we should be focusing on where the $$$ flows.
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