Dollar will continue to fall: Bloomberg survey

According to Bloomberg’s survey of 46 firms, the dollar will continue to fall next year as the slow economic recovery coupled with ballooning government debt burden is likely to take a toll on the dollar. The dollar has hit a 14 month low this year.

“History tells us the dollar shouldn’t start rising on a sustained basis until 12 months after the Fed starts to lift rates,” Callum Henderson, the bank’s head of foreign exchange strategy told Bloomberg.

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Jim Rogers V/S Nouriel Roubini, on gold

Who will get it right? The king of commodities Jim Rogers who is predicting that gold will touch $2000 by 2010 or economist Nouriel Roubini who has called Rogers’ forecast as “utter nonsense?”

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Sub prime crisis predictor Journalist Mark Pittman passed away

Mark Pittman one of the only award-winning financial journalists who brought Federal Reserve under the scanner died on November 25th in Yonkers, New York. Mark aged 52 was believed to be suffering from heart ailment. In 2007 Pittman wrote stories predicting the imminent collapse of the banking system which led Bloomberg News to win a court case against the central bank. He won Gerald Loeb Award from the UCLA Anderson School of Management, the highest honour in financial journalism.

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