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Overnight Open Thread

282
3 wood8/14/2009 4:26:37 am PDT

Good morning.

Futures are mixed before the open.

Foreign economies are still very weak which increases the demand for the dollar:
Dollar Will Rise and Punish Assets: Marc Faber


A period of weak stock markets and strong dollar is likely to come after the strong rally in developed and emerging markets alike, Marc Faber, the author of “The Gloom, Doom and Boom Report,” told CNBC.

“I expect now for the next couple of months a period of a recovering dollar and weak assets,” Faber said. “A strong dollar means global liquidity tightening.”

The dollar will strengthen because the US economy is the least cyclical, but developing countries are more exposed.