Friday, November 05
Thanks For One Thing, President Obama
Just one thing.
1 Australian dollar = 1.01500 U.S. dollars
Just after the Global Financial Kerfuffle, the Australian dollar plunged to US 55Â¢. How things have changed in two years.
Posted by: Pixy Misa at
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With today's announcement by the Fed, the US$ is going to crash. It's below 81 Yen, for instance.
Posted by: Steven Den Beste at Friday, November 05 2010 05:07 PM (+rSRq)
I think a lot of it has already been factored in; the Australian dollar has been climbing steadily against the US dollar recently.
What will be interesting is whether QEII sparks inflation in the US. There's been some recent discussion that deflationary trends are so strong at this point that the Fed could pump over a trillion dollars a year into the economy before it had any effect on inflation.
Posted by: Pixy Misa at Friday, November 05 2010 10:45 PM (PiXy!)
Looks like they're going to try it to find out.
Posted by: Steven Den Beste at Saturday, November 06 2010 02:42 AM (+rSRq)
Obama saved U.S. space program, too. Mostly unwittingly, I'm afraid, and against or because of oppostion of Republican porksters like Shelby. But the results are in, and more are coming.
Posted by: Pete Zaitcev at Saturday, November 06 2010 02:51 AM (9KseV)
Sorry, Pete, but that's well down on my list of "things to worry about". If the US currency gets undermined, all hell breaks loose.
Posted by: Steven Den Beste at Saturday, November 06 2010 05:00 AM (+rSRq)
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