Tuesday, April 26, 2011

Dollar Getting Pounded in Foreign Exchange Markets

More signs of the collapse of the value of the dollar.

The euro has reached a 16-month high against the dollar this morning and the Swiss franc is at a record high versus the greenback.

The Euro hit $1.4653 in early tradind and against the Swiss franc, the dollar fell to an all-time low of 0.8745 Swiss francs.

Price inflation is going to be dramatic and a likely talking point at the Presidential debates.

But then again, NYT's guru Paul Krugman sees otherwise:

....there’s nothing..to suggest any reason to consider inflation a problem.

1 comment:

  1. Krugman, former ENRON advisor, is all in on price stability and QE3. I expect he will finally be discredited by his adoring fans?