Currency Concerns

With headlines like Central banks shift reserves away from US and Stocks Tumble to New 2005 Lows, Techs Hit it is a wonder that the Wall Street Journal could have an article entitled The Economists' President or how Sound policies and principles drive the Bush economy. What I don't seem to understand is how conservatives can still think that Bush's economic policies are working. There is no end to the economic disaster that could take place in this country if consumer confidence wanes or foreign investments are pulled out of the United States. It is so critical that we continue to drive foreign investment not only in our currency but in our real estate, bonds, and stock market. January has not been a good month for stocks. It has not been a good month for anything so far. All over the UK today, it has been noted that the 24th of January is considered to be the worst day of the year. It seems that way anyway. Cash will be king this year. Unfortunately the best cash to have is the Pound followed by the Euro, and in a distant third the good old American dollar. Hamilton would not be happy with the beginnings of 2005 and neither am I.