Thursday, November 13, 2008

Amiss all the chaos in the financial world is a small ray of shimmering light.
The US Dollar is actually gaining on the British Pound/Sterling!

What was close to a 2:1 ratio at £1 Brit = $1.97 US just a few short weeks ago is now down to £1 = $1.50 US!

That's a 25% gain, that's huge!

And the Euro (€) is now trading at € 1 Euro = $1.26 US.
While not the same % gains as on the Sterling, it's damn close!

To bad that nothing (meaning prices) don't seem to indicate/reflect the new value of our Dollar. In fact just the opposite. Most European stuff seems to have increased by 20+%.