I confess to being one who needs to search for a "Global Currency for Dummies" book while I'm Crashing Kos's Crashing the Gate party at Quail Books in Raleigh tonight.
But one of the lead stories on Yahoo laments that the dollar is in a pretty uinterruptible downward slide right now, despite supposedly favorable conditions.
http://news.yahoo.com/...
Is this yet another issue to pile on to the the "things that keep us awake at night?"... seriously, would appreciate a layman's explanation of what the continuing declining dollar means for all us 'Murcans, especially those that enjoy escaping the madness of these shores once in awhile...
I know that John Fund was on MSNBC last night blabbing that the economy is in fabulous shape, a strong positive for Bush, actually, that he needs to emphasize to turn around his sagging poll numbers.
So why is it that our British vacation from 2002 that cost me about 5K, would cost a hefty 6,600 today... Even that weekend in Toronto for $700 is now clocking in at around a 1,000.
So what's going on? Yet another hidden tax increase for the liberals? Is the value of the dollar inexorably tied to Bush's sinking poll stats?
I know most millionaires are still pretty happy with their $42,000 tax cut, but won't they be a little upset that they'll only be able to buy $27,000 worth of imported wines and cheeses with that money now?