Do you understand what this means for the money in your pocket/savings,/401k?
This shouldn’t be celebrated.
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1 response so far ↓
1 Daniel Park // Feb 29, 2008 at 8:06 am
It also means that the value of the dollar against other currencies is severely weakened (more than it was already). It now takes a whopping $1.52 to buy one Euro, a new record. Obviously bad news for those of us who live in Europe, but whose income comes predominantly from the U.S.
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