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Cramer: Dollar is a laughing stock worldwide
CNBC’s Jim Cramer said the U.S. is “a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries.“
“If there was a way to be able to take your money out of this country and put it in Germany … if I were Brazil, if I were Japan I would do it immediately,“ he said Thursday on “Squawk Box.”
He went on to say that the slumping dollar index, which measures the greenback’s value against a basket of currencies, reflects the current sentiment of investors around the world.
They are saying “lets go into gold, lets get out this dollar … lets not be in bonds in the United States, we’d rather be in any other currency because they basically have lost control,“ he said …. http://www.cnbc.com
Source: http://luismmx.blogspot.com/2013/10/cramer-dollar-is-laughing-stock.html
