Using recent news events such as Obama?s trip to Europe, the US Presidential Campaign and the anticipation of the Olympic Games which begins August 8th in China, spammers continue to sensationalize sp...
Democratic presidential candidate Barack Obama said Monday that he feels Americans' pain from rising energy costs and laid out his plan to break the country's "addiction" to oil.
Around the world, the press has portrayed the 2008 US presidential election as a choice between freer trader John McCain and 'protectionist' Barack Obama.
Standard bellicose talk from Iran and a tropical storm are no longer what they used to be. Talk of long liquidation of ridiculously high priced commodities and a call from presidential hopeful Obama sent the oil price reeling down and the dollar gained against the pound and yen. But the euro and the franc went nowhere despite seemingly good US data. Tuesday should see a batch of weak report from the UK and the Eurozone, but let
By one measure, the US Dollar has lost 33.8% of its value under President George Bush, its worst performance by far under any one administration. The burgeoning twin deficits, lackluster economic performance, as well as the current environment of stagflation have all contributed to a dramatic and unprecedented loss of confidence in the Dollar. While investors are understandably optimistic about the prospect of a new President, come January, they are ambivalent as to whether it is Barack Obama or instead John McCain that is ultimately elected. Since the Dollar seems to have bottomed out anyway, the new President stands to preside over a recovery of the Dollar. Reuters reports:
"We look at the dollar as a brand and any change from Bush will help benefit the dollar."
Read More: Forex investors see new president helping dollar
When it comes to stagnating wages, Barack Obama and John McCain agree on one thing: Americans are suffering. And that's about all they agree on.
They're not running for poet laureate. But surely John McCain and Barack Obama are aware of the cautionary verse from Scottish poet Robert Burns: "The best-laid plans of mice and men often go awry."
