Over the past month, the value of the US dollar has fallen significantly with the once mighty greenback dropping to a record low against the euro and a 31-year low against the Canadian dollar. What does this mean to you?

If prices keep going down at the present rate, the average house in America’s top 20 cities will lose more than 5% of its value this year. The bottom can be years away. It all depends on how much the Fed fights the slowdown (the more the Fed fights a needed recession, the longer the recession will be).

Tim Bourquin interviews John Netto, who talks about how he bounces back from some bad months and how he watches currency as a way to gain understanding of other markets.

The human mind can rationalize a lot of things. Unfortunately, it can also rationalize incorrectly.

Traders may face yet another round of negative US economic data on Thursday, but with equity markets keeping their eyes on the prize of another possible rate cut by the Federal Reserve in October, currency traders may be the only ones paying heed to the news.

The poor subprime nation had it so good for so long. Now, it seems to be at the twilight of a magnificent – if preposterous – era, in which Americans could spend money they didn’t have on things they didn’t need and not have to worry about what happened next.

The market range is likely to continue over the next couple of days, but Toni Hansen is still rooting for a better test of the previous highs.

The ability of the Fed’s recent policy action to stop a recession is questionable, leaving traders wondering if they will cut rates further even in the face of mounting inflation pressures from food and energy price growth.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for September 26.

Investors must think that the Fed’s intervention in the credit markets will be as effective as the Bush Administration’s intervention in Mesopotamia. Some problems just don’t lend themselves to meddling from outsiders.