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Letter "A" » Axel Merk Quotes
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«The dollar rally of recent weeks may have stalled today.»
Author: Axel Merk
«Every day, foreigners need to acquire more than $2 billion in U.S. dollar denominated assets -- soon $3 billion -- just to keep the dollar from falling. This can be done through the purchases of U.S. bonds, or by buying assets outright.»
Author: Axel Merk
«What's important here is that maybe a slowing U.S. economy directly translates into a lower dollar. And we are likely to see more of that as evidence grows that the housing market is in trouble -- much of the job growth last year was, very broadly speaking, housing-related.»
Author: Axel Merk
«Overall, I don't see much structural change, and don't see how the dollar can get much relief from these numbers.»
Author: Axel Merk
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