Wednesday, December 05, 2007

The Greenback Isn't a Goner

The Greenback Isn't a Goner

Good column by James Cooper over at BusinessWeek about why the recent decline of the dollar doesn't signal a collapse of the dollar. He also gives it some perspective, for example, did you know the following:

Though the greenback has fallen 24% from its high in 2002 - it was quite high in 2002. The dollar climbed 72% from 1992 - 2002.

The dollar is still 42% abover the 1985 peak when it earned the name "superdollar".

I'm not saying that a falling dollar is good....or bad. Just giving some perspective.

Read Cooper's column.

Scott Dauenhauer, CFP, MSFP, AIF