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To: shrinkermd

"trading 19% above its level in the mid-1990"

Drudge is running headline of dollar at 15 year low.

While this is excellent for exports, it does cause problems for importing and since our government does not allow us to make much any longer this will cause us a few problems.


3 posted on 11/29/2006 6:33:53 AM PST by edcoil (Reality doesn't say much - doesn't need too)
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To: edcoil

Drudge goes for the tabloid headline, as always.


4 posted on 11/29/2006 6:37:52 AM PST by OldFriend (FALLEN HERO JEFFREY TOCZYLOWSKI, REST IN PEACE)
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To: edcoil

Drudge's headlines are probably on the basis of Yen, Euro or a few currencies. This article is using the dollar index which is a bundle of currencies. I wish I knew how to post the graph that illustrates this point.

Probably, a currency free measure of the dollar value is the price of gold per oz. It now centers on $600; it centered around $350 per oz a few years ago.


9 posted on 11/29/2006 6:59:03 AM PST by shrinkermd
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