Friday, October 03, 2008

U.S. Dollar Hits 13-Month High

The U.S. dollar reached a 13-month high today versus major currencies (see graph above), the highest level since September 5, 2007.

8 Comments:

At 10/03/2008 4:37 PM, Anonymous Anonymous said...

US stock market approaches 13month low.

 
At 10/03/2008 10:44 PM, Anonymous Anonymous said...

It's at a nearly 2.5 year low.

 
At 10/04/2008 2:53 AM, Anonymous homer said...

Yea - the dollar is at 13 month high and now the econmoy is doing great let's all celebrate, congratulations George W. Bush great job !!!!!

 
At 10/04/2008 10:17 AM, Anonymous Anonymous said...

What does this have to do with any sarcastic remark about the stock market or GWB?

This is an economics blog. A rising dollar (and rising real interest rates) are very interesting given what is going on. Not what folks would predict. Maybe not quite "puzzles" but very interesting indeed.

 
At 10/04/2008 5:14 PM, Anonymous Anonymous said...

Great, I'll stare at this wonderful Everest like chart while waiting in the unemployment line. Oh, don't bother, I've already defaulted on my student loan and would welcome the folks to foreclose my PhD////

 
At 10/04/2008 7:05 PM, Blogger Evil Red Scandi said...

I'd imagine it's a "flight to quality" - investors fear the Dollar's fate in a global recession less than they do other currencies.

 
At 10/05/2008 8:48 AM, Blogger OBloodyHell said...

> Yea - the dollar is at 13 month high and now the econmoy is doing great let's all celebrate, congratulations George W. Bush great job !!!!!

Yeah, Homer, it's got nothing at all to do with the fact that, despite 14 different attempts by the Bush Admin and the GOP, in the last 8 years, to reign in and put tighter controls on the FMs, the Dem leadership has in all cases tied things up in committee and ignored all attempts to stop this problem from occurring.

Doh!!!

The GOP does share responsibility, since, given the power to do so, they were such complete chickenshits that they STILL refused to override the constant Dem threats to hold their breath and stamp their feet repeatedly if the Dems did not get their way....

I make that about 25% of the problem, give or take 10%.

But you go on drinking the Democrat KoolAid, and blaming this mess on the GOP.

 
At 10/05/2008 8:50 AM, Blogger OBloodyHell said...

> Oh, don't bother, I've already defaulted on my student loan and would welcome the folks to foreclose my PhD

If you are standing on an unemployment line with a PhD, then perhaps you should have considered getting it in something other than Basket Weaving...

 

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