Thursday, December 23, 2004
Dollar Falls, Again
The BBC reports, "The dollar has fallen to a new record low against the euro after data fuelled new concerns about the US economy." The dollar traded $1.3502 against the euro. Just in time for some holiday cheer. It appears that the world currency markets aren't buying Georgie's new "strong" dollar rhetoric. This marks the third straight year in which the dollar has lost value against the euro. Next year doesn't promise any improvement in sight, what with Georgie's plan to borrow trillions of dollars we don't have to "fix" Social Security. Can OPEC pricing oil in euros be too far in the distance? Of course, maybe just maybe, Georgie & Co. have some trick up their sleeves to use the stong euro to force some sort of concession out of the Europeans? After all, according to David Brooks's recent Op-Ed in the NYT the sudden outbreak of "peace" between Israel and the Palestinians is the result of some grand master plan on the part of Georgie & his friends. I mean, if you can't trust Brooks's insightful commentary on the state of the world, who's can you trust? Then again, maybe Georgie & Co. are just Mayberry Hillbillies?
The BBC reports, "The dollar has fallen to a new record low against the euro after data fuelled new concerns about the US economy." The dollar traded $1.3502 against the euro. Just in time for some holiday cheer. It appears that the world currency markets aren't buying Georgie's new "strong" dollar rhetoric. This marks the third straight year in which the dollar has lost value against the euro. Next year doesn't promise any improvement in sight, what with Georgie's plan to borrow trillions of dollars we don't have to "fix" Social Security. Can OPEC pricing oil in euros be too far in the distance? Of course, maybe just maybe, Georgie & Co. have some trick up their sleeves to use the stong euro to force some sort of concession out of the Europeans? After all, according to David Brooks's recent Op-Ed in the NYT the sudden outbreak of "peace" between Israel and the Palestinians is the result of some grand master plan on the part of Georgie & his friends. I mean, if you can't trust Brooks's insightful commentary on the state of the world, who's can you trust? Then again, maybe Georgie & Co. are just Mayberry Hillbillies?