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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: westpacific who wrote (97892)5/25/2009 7:27:45 AM
From: sylvester806 Recommendations  Read Replies (1) of 116555
 
When Bush took over 8 years ago back in 2001, $0.7 would buy you 1 euro. 8 years later and you needed $1.60 to buy 1 euro back in 2008. This was all during POS Bush and Cheney's 8 years.

So I don't know why all of a sudden they are talking about the destruction of the dollar when it has already happened during the last 8 years. Maybe when we need $3 to buy 1 euro then I would say they have a point. At this current point we only need $1.40 and that is less than what we needed back in 2008 with $1.60.
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