Wow, The Dollar Is Getting Pounded

…by the Pound this morning; it’s out .0304 to 1.6268. It’s pretty flat vs the euro.

On a related note, you may be interested in this story.

2 Responses to “Wow, The Dollar Is Getting Pounded”

1. WunderKraut says:

   October 15, 2009 at 10:23 am

   “Monetizing debt historically has always ended in disaster for a currency,” Busch says.

   Great…just great.

2. Gary from Jersey says:

   October 15, 2009 at 3:46 pm

   I’m stumped about the Pound, as Britain’s technically bankrupt. Whazzup widdat?

   I’ve also noticed far fewer foreign investors looking at US real estate so far this year. The numbers are way down, even though a couple of Chinese venture companies have been active of late.

   This is bad. This is very bad when the foundation of our economy, tangible assets like A-list commercial properties, not only aren’t selling, nobody can even say what they’re worth.

   Love and smooches, Democrats. You’ve finally found a way to make the US equal to every other floundering, third-rate country.