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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: GUSTAVE JAEGER who wrote (22102)12/6/2004 5:50:19 AM
From: sea_urchin  Read Replies (2) | Respond to of 81023
 
Gus, here's my world --- the chart I showed you before.

stockcharts.com[w,a]dalaynay[dm][pd200,2]

On this chart the value of the USD Index on Friday, 3 December 2004 was 80.9

Ten years previously, ie in 1994, at no time was the USD Index less than 82 and throughout most of the year was in fact higher.

So by simple logic, the dollar is worth less now than ten years ago. Indeed, unless you can show that the chart is wrong, you will have to accept that Norris is.

Further, the chart shows that, except for a few brief moments, the dollar is now worth less than it was twenty years ago.