219463 Resource 119247 120646 120646 1228397855227 1228399352407 Controlled U.S. Economy Tumbles, $1 Trillion Stimulus Package on the Table

How long can the U.S. dollar rally on the technical charts alone?

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Right now, the U.S. economy is continuing its tumble. Even though there are plenty of opportunities for the individual investor in this economy, and ways for <a href="http://freefrombroke.com/2008/12/8-ways-the-economic-crisis-can-be-good-for-you.html" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">individuals to take advantage of certain situations</a>, as a whole the U.S. economy is in pretty dire straits.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">As continued issues surround the <a href="http://blog.inner8.com/2008/12/automakers-submit-plans-to-congress.html" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">U.S. auto industry</a> (and its hopes for a bailout) and increasing emphasis is placed on <a href="http://banks.com/blogs/mortgages/2008/12/03/sheila-bair-encouraged-by-barack-obamas-foreclosure-ideas/" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">preventing foreclosures</a>, calls for a record-breaking stimulus package are being made. True, the recently-passed $700 billion stimulus package blew all previous records away. But now there are calls for a <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=afWnxP9Dzv0M&refer=currency" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">$1 trillion stimulus package</a>.</span><span style="font-family: verdana,arial,helvetica,sans-serif;">&nbsp;</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Things are getting desperate. Yesterday's public unveiling of the <a href="http://www.talkstocktrading.com/beige-book-reveals-broad-economic-weakness/" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">Fed's Beige Book</a> underscored that view.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Meanwhile, the U.S. dollar continues its rally in forex trading. Against all fundamental common sense, the greenback is king in currency trading. It's all about the technical charts right now. The U.S. dollar has seen a rally, and it will continue to see a rally if traders continue to rely solely on the charts.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Besides, even with the U.S. economy in its current state, it is still expected that it will hold up better, and recover quicker, than the economies of other regions, such as Britain, Australia and the euro zone. So, even though the U.S. economy is bad, bad, bad, the others are seen as worse.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">But how long can this continue? <a href="http://www.forexblog.org/2008/12/when-will-the-d.html" target="_blank" title="investors, U.S. economy, U.S. dollar, forex trading, U.S. dollar rally, technical charts, foreclosures, debt, stimulus package, $1 trillion stimulus package">The Forex Blog reports on the U.S. economy</a>:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">Based on almost every measure, the US economy remains dangerously over-leveraged. Fueled by cheap credit, household debt, government debt, and financial sector debt have exploded over the last couple decades, such that total US debt is estimated at a whopping %350 of GDP.<br /></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">At some point, the fundamentals are going to matter again. And when they do, heaven help the U.S. dollar.</span></font><br /> 9 application/xml false $1 trillion stimulus package debt foreclosures forex trading investors stimulus package technical charts U.S. dollar U.S. dollar rally U.S. economy Economic stimulus in the U.S. http://www.yieldingwealth.com/senate-passes-bailout-package-some-say-700-billion-isnt-enough/ Major currencies on the FX market http://www.gftforex.com/land/index.asp?aid=446 <script type="text/javascript" src="http://tools.tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url = 'http://forex.gftforex.com/public/item/219463'; evb_big(evb_url); </script> <script type="text/javascript" src="http://d.yimg.com/ds/badge2.js" badgetype="small"> http://forex.gftforex.com/public/item/219463 </script><script type='text/javascript'>reddit_url='http://forex.gftforex.com/public/item/219463'</script> <script type='text/javascript'>reddit_title='U.S. Economy Tumbles, $1 Trillion Stimulus Package on the Table'</script> <script type="text/javascript" src="http://www.reddit.com/button.js?t=2"></script> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119247 blog blogsite/GFTForex/web