Copyrights and Copywrongs: 11/21/2004 - 11/28/2004

Wednesday, November 24, 2004

DOLLAR DROPS IN VALUE AGAIN FOR SEVENTH TIME IN FOUR YEARS

The dollar has dropped in value against the Euro again, for the seventh time in four years.
http://www.thehollandsentinel.net/stories/111804/bus_111804041.shtml
"The U.S. dollar plunged to a new low against the euro Wednesday as markets shrugged off Washington's insistence that it is committed to a strong dollar. And with the causes of the drop -- worries over oil prices and the U.S. trade and budget deficits -- not going away, some economists see the euro soaring to $1.35 or beyond."

I believe this reinforces the message I have been repeating for over a year now...i.e., that this economy in the US, is in great trouble.

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