Bush is Great for the Economy!!!

[Dru]

it's too late the dollar already free fell PP

 

but here push me! is an interesting link between dollar losing ground to the Euro, and war in Iraq.

 

[murraysovereign]

The clearest link I noticed between the US dollar and the Iraq war was that the dollar started tanking the day after Baghdad fell, and has never really got back on solid ground again in the months since. It was almost as if the currency traders were in some kind of hypnotic trance watching all the pretty pictures of all that whiz-bang Shock & Awe stuff blowing things up all over the place. But when the pretty flashing lights and loud bangs stopped they woke up again, and started looking at the state of the economy instead of all the special effects. They started selling Greenbacks that day, and haven't stopped. They've been particularly enthusiastic sellers these last couple of weeks - something to do with flat job reports and huge budget and trade deficits. They don't seem too interested in 13-year-old data regarding "Pension Liabilities as a percentage of GDP" for some reason.

[Peter_Puget]

Ah Murray how low is the dollar valued from a historical perspective?

 

Check out the attached graph. Data modeled using the Fairmodel at Yale. I have posted the link before. Check it out: the tax cuts by making employment more rewarding actually increase unemployment! What would be the effects of increasing the minimum wage?

 

PP