Wednesday, November 5, 2008

The Quiet Decline of the Dollar

Sort of missed it as the MSM was all caught up with the "politics," huh?

"Oil jumps above $70 as dollar drops" by Bloomberg News | November 5, 2008

NEW YORK - Crude oil rose more than $6 a barrel as global stock indexes advanced and the dollar dropped against the euro. The dollar fell the most against the euro since the 15-nation currency's 1999 debut.

Energy, metals, and grain futures rose as US stocks gained in the biggest presidential election-day rally in 24 years after MasterCard Inc. and Archer Daniels Midland Co. reported better-than-estimated earnings. --more--"

How are your earnings, America? Doing better than you thought?

The job losses helping, are they?