Wednesday, November 10, 2004
Let them eat Euros
With the ballooning trade deficit, the dollar slumped past the 1.30 mark against the Euro today. Bad news for American travelers abroad. Bad news for Asian economies (which are dependent on the value of foreign reserves, mostly held in dollars). Bad news for European exports. Bad news for those wanting love and respect from our overseas ‘allies.’
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.