Quote:
Originally posted by Colin
I don't think that's true, Tex. Which currencies are you comparing the dollar to? If you use the Euro/Euro basket currencies, it's dropped faster before.
US vs. European currencies. February, 1985 to May, 1986. Dropped 30% in 15 months. Beat that. The dollar lost almost 50% from 1985 to 1987 relative to european currencies.
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hm, didn't know about the '85/86 drop-down, thanks for the info
however i still think that the recent fall is very important (and tragical) point in the usd's history line ;-) as back in 1980s there was no country/currency to compete with it but nowadays there is
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perhaps we better stop whining and double our efforts (and income as well)
