Dollar declines spark equity sell-off


	Dollar declines spark equity sell-off

JICWyllie

3-3-2008 1:23 PM

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tags:

economy, i-growth, i-decrease, i-recession, i--reported

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/34437d7b-6978-4786-ba27-5ea30b86171d/F4432B86-8E91-40DF-83B2-992B0629B02C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html" href="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html"><P>The dollar fell to fresh lows against the euro after Warren Buffett, the billionaire investor, warned that the US economy was in a recession and data showed manufacturing activity contracted last month.</P><DIV id="floating-con"><DIV class="nav-collection clearfix"><H3 class="section"><SPAN>EDITOR’S CHOICE</SPAN></H3><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/7a31d87a-e934-11dc-8365-0000779fd2ac.html">New data fuel fears over US economy</A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/2516f7c6-e902-11dc-8365-0000779fd2ac.html">Fresh fear for financials hits FTSE</A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/ef22c25a-e913-11dc-8365-0000779fd2ac.html">Dollar weakness deepens</A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0ae0ab8a-e8c7-11dc-913a-0000779fd2ac.html">Asian markets tumble after Wall St sell-off </A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://ftalphaville.ft.com/blog/2008/03/03/11313/cds-report-unwind-fears-drive-spreads-to-record-highs/">CDS Report: Unwind fears drive spreads to recod highs</A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/27acdd06-e912-11dc-8365-0000779fd2ac.html">Gold shines as commodities strengthen</A><SPAN class="pub-date"> - Mar-03</SPAN></H4></DIV></DIV></DIV><P>The chief investment officer of Berkshire Hathaway and one of the most influential investors in the US also said he was withdrawing his offer to guarantee $800bn of municipal bonds backed by MBIA, Ambac Financial and FGIC.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html">“The dollar is in a clear free-fall, down versus every major and emerging-market currency,”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html">Commodity prices remained close to record levels </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/539f5c10-e8f7-11dc-8365-0000779fd2ac,s01=1.html">Gold continued to close in on the $1,000 mark</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F4432B86-8E91-40DF-83B2-992B0629B02C/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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