Friday, October 10, 2008

Europe Just Got 16% Cheaper

The US Dollar index staged another sharp rally today and is now up 16.35% from its lows back in March. The Euro is down more than 16% from its highs earlier this year. For those that have plans to go to Europe anytime soon, at least it's 16% cheaper for now. Unfortunately for foreigners coming here, it's the reverse.

Dollarindex

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.