strong dollar not good for stocks
on March 6, 2012 in Currencies, Deficit, Government Spending 12 Comments
As previously discussed. It’s all part of the overall deflationary scenario from the US federal budget deficit being too small:
Merck said sales in the latest period were reduced between 1 percent and 2 percent due to currency translation.
For the rest of the year, currency is expected to trim between 2 percent and 3 percent from its sales.