Friday, February 29, 2008

The dollar's outlook

I talked to a financier friend and asked him if he had any insight on the dollar's outlook vs my favorite foreign currency.

He checked with his company's experts and shared with me their (publicly available) forecasts on the medium-term. Should've asked about this long ago, really.

Suffice it to say, they don't see it getting any better...and long term is worse. I think I'll find an advantageous day in the currency markets soonish and just take my lumps. Long-term, if they're right, I should sell everything now and move it into kronor!!! Sheesh.

1 comment:

Margaret said...

So sorry, but WOW is this good news for an importing bookseller!
One with a tiny headache, by the way - great AA reunion last night. More on that via email soon.