To track some personally noteworthy events, observations and thoughts, letting them age and savor/regret them again a long time later.
Friday, November 5, 2010
The value of the USD
The USD was 1.8 to ours when I started work in the late eighties and was busy developing software to sell on the side. This morning after the Fed announce their QE target up till first quarter next year, the USD is only worth 1.28. Indeed this currency is in the long term going nowhere except down even when they manage to grow their economy handsomely.