the dollar and the kroner
Wednesday, 21. November 2007, 14:36:39
In case you missed it, Karla's post about the falling dollar has some nice detail and perspective.
So before the Fed cuts interest rates and the dollar gets slightly better for about 6 days, check out her post here: http://karlastories.blogspot.com/2007/11/cost-of-things.html
In fact the fincial bureaucrats in Belgium are all up in arms because the strong Euro against the Dollar means more volatility than they want and even though many countries are switching to buying petroleum in Euro (it is no longer required that petro transactions be in dollars as it used to be), Europe is still using the Dollar and the falling greenback is driving up gas prices across the EU.
Seems like it was just the other day that Bernanke was saying "there has been no change to the Strong Dollar policy" ... well, policy and implementation don't always go together.
On the plus side, my salary looks better dollars than it used to.
So before the Fed cuts interest rates and the dollar gets slightly better for about 6 days, check out her post here: http://karlastories.blogspot.com/2007/11/cost-of-things.html
In fact the fincial bureaucrats in Belgium are all up in arms because the strong Euro against the Dollar means more volatility than they want and even though many countries are switching to buying petroleum in Euro (it is no longer required that petro transactions be in dollars as it used to be), Europe is still using the Dollar and the falling greenback is driving up gas prices across the EU.
Seems like it was just the other day that Bernanke was saying "there has been no change to the Strong Dollar policy" ... well, policy and implementation don't always go together.
On the plus side, my salary looks better dollars than it used to.
well, I think it's a conspiracy by the US biz to lower the dollar value so that they can export more. Just look at the US dollar now compare to the Canadian dollar.... now the Canadian are yelling and screaming... products from Canada now cost more than USA products.. who woulda thunk!
By anonymous user, # 6. December 2007, 15:51:16