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Politics : John Kerry for President? -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (1689)	9/29/2004 11:44:09 PM
From: Oeconomicus	Respond to of 3515

"$1.22 is a little better than it was awhile ago." So what? It's also rallied to 85 cents or so since Bush took office, but that's irrelevant. You said it had "plummetted 35%" from 1/01 to today, which is clearly false. 30% and 35% are not remotely equivalent. And it still doesn't matter. The Euro is just one currency among many trading partner currencies. Taken together, Euro block countries probably account for a mid-teens percentage of our trading volume. The only relevant measure of the strength or "world value" of the dollar is the trade-weighted value. Ask any economist. On that basis, the dollar has fallen 6%. And even if you limit it to major currencies, the decline is still only 17% - less than half what you claim.