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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (50992)	1/23/2006 6:06:45 PM
From: regli	Read Replies (2) of 110194

"The dollar then resumed it's rise against other currencies, after faltering during the 1970s." No, the dollar didn't resume its rise, it continued to fall with the notable exception of the British pound. Yes, it tanked in the seventies, then recovered somewhat in the early to mid 80s because of very high interest rates. Then tanked again after 1985, then rallying after the mid 90s before faltering again. The dollar's trend against hard currencies has been consistently DOWN and not "resuming a rise". EDIT Since 1970, the dollar has lost 72% of its value against the Yen, 73% against the SFr and 62% against the Euro/German Mark. Not exactly a rising trend. Japanese Yen sharelynx.com Swiss Franc sharelynx.com German Mark sharelynx.com British Pound sharelynx.com

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