Market Watch with Tom Waitt

March_23rd_2011.mp3 U.S. Dollar; Safe Harbour    Global markets are in disarray, Mid-East tensions, North Africa revolts, disaster in Japan, rising food costs, government spending out of control, massive unemployment.   U.S. Dollar Index (Click For Larger Picture) Uncertainty and fear rules with global 24 hour a day media reports highlighting the most recent crisis. 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 75.95 was lower last November at 75.24 and at 74.21the year before 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 o