Shaan Saeed

Shaan Saeed

A financial analyst who blogs a economisthan.blogspot.com. Saeed graduated from University of Chicago's Booth School of Business.

US economy: A downhill trip

The economy of the United States (US) is in dire straits. In June 2010, a well known financial sector analyst, and the woman who blew the doors open on the 2008 mortgage crisis, Meredith Whitney, forecasted that two million government employees would be laid off in the coming years because of fiscal problems. It is happening. Over 300,000 employees were fired in fiscal year 2011, and this number is about to increase by 50 per cent in 2012. Around 450,000 people who work for US states, counties, cities, towns and villages could get the pink slips next year, which would ...

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Osama’s death will not stop the dollar’s decline

The news of Osama Bin Laden’s death will open new dimensions for the US dollar but only for a short while. The reason I say this is because while global financial markets are terming the news of Bin Laden’s as good news for the currency, the dollar will continue to stay weak in 2011. Stock markets will rally in the US, Europe and Asia, but these efforts will all be short-lived and the status of the dollar will go back to its original position. Analyses of the past The bull market for the US dollar is like an invisible man. An important aspect ...

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Why the US dollar fell during current global crises

An interesting aspect of the Libyan, Tunisian and Japanese crises was that the US dollar fell against other major currencies, by a lot. Normally, in times of crises, investors tend to move towards the dollar. It is viewed as a safe haven. However, during the current crises, the dollar fell to historic lows against the yen, before the massive international central-bank intervention reversed the fall (now, the financial market will remain uncertain in the next two years. You can bet on that). Even the Euro strengthened against the dollar and Europe is considered to be in a messy situation that needs ...

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