Market Watch with Tom Waitt

August_3rd_2011.mp3 U.S. Dollar Confidence?    Politics robbed equity performance with wrangling over the debt ceiling. Earnings of 75% of stocks was impressive but not to markets in disarray. U.S. Dollar Index (Click For Larger Picture) Global markets are in disarray, uncertainty and fear rules with global 24 hour a day media reports highlighting the diverse polar split in the U.S. political arena. The public is becoming very concerned over the financial situation in the United States. Worries soar that the U.S. economy is in a much worse condition than stated. Many feel credit will be too restrictive to support economic growth. The value of the U.S. dollar is falling and has near panic emotions for some followers and market pundits. What people do not realize that the U.S. dollar currently 74.25 was lower in May at 72.86, and down at 71.05 in 2008. With all the commotion in the world the U.S. is the safe harbor. Money supply is at an all time high while the rate of turnove