10.18.2007

Dollar hits new low

Bernanke's O.J. Simpson job on the dollar continues:
The dollar index, a measure of the dollar's value against six major currencies, was down 0.7 percent at 77.576. Earlier in the session it fell to 77.478, the lowest since its post-Bretton Woods inception more than 30 years ago.

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.