King Dollar Summer Rally:Index Hits 10-Month High
The U.S. dollar index (major currencies) reached a 10-month high today at 74.4614, the highest level since October 9, 2007.CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, August 13, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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5 Comments:
Isn't October to August a 10 month period, not 6 months?
Anon: Thanks, it's fixed.
> You're in the pocket of Halliburton, I just know it!
Better than to be in the pockets of the World Wildlife Fund, innit?
You recall what happened to the last guys that were there, doncha?
I think they called 'em "Brontosaurus", "T. Rex" and names like that.
king dollar?
maybe the duke of earl dollar. it has a long way to go.
if you wanted to show the true dollar condition, you would publish a long term chart
btw. wow, bush has really destroyed the dollar during his term
Here's another long term chart of the greenback --
In President Bush ist year in office, it hit $121 . . . it has recently rallied up to $75
So to address what another commentor asked -- yes, W's administration hasd significantly debased the US dollar. It has lost nearly 40% of its purchasing power.
See this 2000-2008 chart
http://www.tfc-charts.w2d.com/chart/US/M
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