The Real World News - Breaking Texas Insurance news, US news and more

Breaking news, Texas insurance, U.S. news, politics, music, conspiracy stories, world events and more!

The Real World News brings you breaking news from around the globe. The Real World News provides daily news stories about Texas insurance news, politics, music, entertainment, conspiracies, astronomy, and even the paranormal. Find the real news stories of the world, and begin to open your eyes. Read the stories that were never meant to be written. Step outside the Matrix.

Wednesday, 03 November 2010

Will the doller drop by 20%

Fed Easing May Mean 20% Dollar Drop

The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.

I think a 20 percent decline in the dollar is possible," Gross said, adding the pace of the currency's decline was also an important consideration for investors.

Bookmark or Share

Posted by: cnbc AT 10:09 am | Permalink | Email