The Commons is a weblog for concerned citizens of southeast Iowa and their friends around the world. It was created to encourage grassroots networking and to share information and ideas which have either been suppressed or drowned out in the mainstream media.

"But if the cause be not good, the king himself hath a heavy reckoning to make, when all those legs and arms and heads, chopped off in battle, shall join together at the latter day and cry all 'We died at such a place;' some swearing, some crying for a surgeon, some upon their wives left poor behind them, some upon the debts they owe, some upon their children rawly left. I am afeard there are few die well that die in a battle; for how can they charitably dispose of any thing, when blood is their argument? Now, if these men do not die well, it will be a black matter for the king that led them to it; whom to disobey were against all proportion of subjection." (Henry V, Act V, Scene 4)

Wednesday, November 07, 2007

The Dollar has lost more than a third of its value since 2002

The dollar’s slide: 1/3 down and falling faster




We’ve posted this before - but as the ailing US currency drops
through $1.47 against the euro and $2.10 against sterling, it merits a
second (and updated) airing.




The chart comes from Sempra Metals, who make a couple of additional points:

  • The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
  • The decline is accelerating. The USD has shed -12.5% of its value
    in the last year, -3.5% in the last month, and -1.5% in the last week
    alone.


439.jpg

http://ftalphaville.ft.com/blog/2007/11/07/8713/the-dollars-slide-13-down-and-falling-faster/




Powered by ScribeFire.

0 Comments:

Post a Comment

<< Home