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Re: Did anyone notice a jump in the price of parts?
Posted by Ken Fisher [Email] (more from Ken Fisher) on Sat, 16 Oct 2010 14:10:20
In Reply to: Did anyone notice a jump in the price of parts?, Evo, Sat, 16 Oct 2010 13:33:45
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We are getting squeezed by the Euro to Dollar exchange rate. Two months ago one euro is trading at $1.20, 1.22. Today it is at $1.39, 1.40. Be prepared for $1.60.
The yen is going the wrong way, too. Today it is at 82 yen to the dollar, in 1985 it was 180 yen to the dollar.
Courtesy of Ben Bernanke, hoping to inflate asset values. The rest of the world isn't buying his strategy.
posted by 76.212.196...
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