dollar

Quoted: Iran, OPEC's second-largest producer, has stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, in a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.

Levitation Tricks Revealed

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Quoted: Former wall street broker and HSX co-founder, Max Keiser, investigates the US economy and reveals how the American officials have maintained the image of a s...

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Quoted: Compilation from the Korelin Economics Report in April. More and more proof that we are losing a financial war with ourselves...I was up late making this, an...

Quoted: The dollar was so weak, said her cousin, a 27-year-old nurse, “We had trouble spending all our money.” Add a new superlative to New York’s long list: world’s most fabulous discount mall.

One explanation of why the dollar has weakened. Simply put - housing market/mortgage market bust, increasing trade deficit and looming economic downturn.

Quoted: By the way, Warren Buffett told us all this would happen. In mid 2002, for the first time in his life, he began buying foreign currencies, thus betting against the dollar. He explained his reasons most extensively in a Fortune article he wrote (Nov. 10, 2003). The main factor he cited, the trade deficit, is much worse now. For a year or two after the article, his bet seemed to be a loser. But now, as usual, he looks prescient

Wow. I remember when I first visited Seattle in 1999, we'd go to Canada to save money.

Quoted: The Canadian dollar moved decisively above 99 cents US Thursday morning, coming within a hair's breadth of parity against the faltering American dollar for the first time since November 1976.