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It's all about the benjamins. Just not US currency. That's worthless.
JoyMonkey:
You realize how bad the economy is when you have to travel abroad - the dollar really puts the squeeze on. I went home (to Ireland) in January, where $140 would only buy me 24 beers. The same money would have bought me at least 40 beers two years ago :'(
SeaMonkey:
--- Quote from: Crazy Cooter on February 22, 2005, 01:37:08 pm ---http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P110182.asp
"The U.S. dollar took a pounding this morning, with traders worried about central banks moving away from the greenback. The dollar was trading at about $1.3232 per euro, up more than 1%. The greenback also fell against the yen, sinking to104.2 yen per dollar.
South Korea started the dollar selling. The country's central bank said it will diversify its holdings away from the dollar and Taiwan then said it would follow suit. In the past two weeks the dollar has given up more than half of its gains for the year, CNBC's Steve Liesman reported.
Central banks hold about 64% of their reserves in U.S. dollars and economists expect that percentage to fall, Liesman said."
Well it looks like the US dollar isn't "cool" to have anymore.
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Grasshopper:
Well thanks to George Bush's inept handling of the US economy I can now buy arcade parts from the states more cheaply.
I must say that was very considerate of him. Perhaps he's not such a bad chap after all. ;D
GGKoul:
Ya, but I own a few stocks that are in US funds. So I'm losing...
Dexter:
--- Quote from: JoyMonkey on February 22, 2005, 02:19:48 pm ---I went home (to Ireland) in January, where $140 would only buy me 24 beers. The same money would have bought me at least 40 beers two years ago
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