Market Watch with Tom Waitt

December_14th_2011.mp3 King Dollar    The U.S Dollar is the strongest currency in the World as global markets buy dollars leaving other currencies including gold now off $328 from recent highs. U.S. Dollar Index (Click For Larger Picture) The tide has changed the U.S. dollar is up over 10% from lows set this year. With all the commotion in the world the U.S. is the safe harbor as the Euro breaks down falling 13% so far in 2011.Global markets are in disarray, uncertainty and fear rules with global 24 hour a day media reports highlighting the debt crisis in the Eurozone. Strength in the U.S. Dollar adds muscle to the private sector financial markets and drains resources from the public sector, because dollars when they are recycled back to the U.S. for the most part have to be supplied by foreign central banks from the sale of their holdings of U.S. Treasury Securities. This means interest rates will rise in 2012 and U.S. equity markets will benefit with money supply at an all time high