Tuesday, December 07, 2004
Paper Tiger, Here We Come.
The NYT reports that the dollar slips to new low v. euro. "The euro reached a new high of around $1.3470." And if that isn't bad enough, the article includes this nice little tidbit: "Analysts said a report in the Wall Street Journal Europe questioning the U.S. government's triple-A bond rating also hurt the greenback." This is the latest article in the past week highlighting the growing concern among the world's central bankers about the dollar and the path the Radical Republicans are taking the US. I could say more but I'm still a bit dizzy from watching Newt talk about the intelligence bill.
The NYT reports that the dollar slips to new low v. euro. "The euro reached a new high of around $1.3470." And if that isn't bad enough, the article includes this nice little tidbit: "Analysts said a report in the Wall Street Journal Europe questioning the U.S. government's triple-A bond rating also hurt the greenback." This is the latest article in the past week highlighting the growing concern among the world's central bankers about the dollar and the path the Radical Republicans are taking the US. I could say more but I'm still a bit dizzy from watching Newt talk about the intelligence bill.