Metal Sludge Gossip Board

http://www.telegraph.co.uk/finance/curr ... casts.html


Dollar set for sharp decline, Goldman forecasts


The dollar will embark on a sharp decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy makers in Washington look poised to press the trigger on another round of printing money.


As the summer delivered a diet of weak economic data, the conviction has strengthened among a growing number of officials at the Federal Reserve that it should risk another bout of quantitative easing - printing money to inject into the economy.

“More QE is seen as a co-ordinated effort to get the dollar lower,” said Thomas Stolper of Goldman Sachs. “It makes sense for the US.”

Separately, Goldman’s chief economist, Jan Hatzius, warned that the world’s biggest economy faces a “fairly bad” or a “very bad" scenario over the next six to nine months.

viewtopic.php?f=5&t=235005

edit: I owe you an apology. THAT topic (which is just a few below this one and has only been here for nearly two weeks) was called:


"US dollar to become as good as toilet paper"

Yours is called:

"US Dollar to be worth less than toilet paper"

Completely different!

I personally find great value in toilet paper every single day! Why slag toilet paper by comparing it to the dolllar?

vlad wrote:viewtopic.php?f=5&t=235005

edit: I owe you an apology. THAT topic (which is just a few below this one and has only been here for nearly two weeks) was called:


"US dollar to become as good as toilet paper"

Yours is called:

"US Dollar to be worth less than toilet paper"

Completely different!

I figured Goldman Sachs making this announcement would just make a bad situation even worse. A major financial institution predicting 12 more months of depreciation isn't going to inspire much confidence.

But yeah, the topic was a gag.