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Safe Bonds With 7.35% Yield
Date: 05/14/2008Wednesday, May 14, 2008
Read more about investing overseas in International Living Postcards—your daily escape
The U.S. dollar is now under incredible pressure, and the timing couldn’t be worse. The U.S. economy is also sinking fast. This places the Fed between a rock and a hard place. To support the greenback, the Fed needs to raise U.S. interest rates…but its classic response to the threat of an economic recession is to lower those same rates.
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