Monday, March 23, 2009

Bloomberg on the Dollar

Looks like I wasn't the only one to notice it. From Bloomberg:
The U.S. currency tumbled 3.4 percent versus the euro on March 18, the biggest drop since the 16-nation currency’s 1999 debut, when the Fed unexpectedly announced at the end of its two-day policy meeting that it will buy up to $300 billion of Treasuries and increase its purchase of agency mortgage-backed securities, a policy known as quantitative easing.
How low will the dollar go?

3 comments:

Andrew said...

Honestly, I had heard of the Amero and thought it was a conspiracy theory type idea. I mean, it is, but I never thought it would be possible. Who would give up the strength of the dollar? By the end of the year, I fear the peso's going to be looking mighty good and the Amero could be a real possibility, if Canada would stoop to our level to join in the economic union.

Mark said...

Funny thing is, Captain Capitalism said that after researching it, he found that Canada has the highest economic freedom now.

And if you chart the CAD vs the USD, you'll note the effect.

Andrew said...

If they'd let me bring my firearms, I'd move eventually. =)