USD is falling through the floor. If only Bernanke actually knew something other than theoratical economics. The only thing he knows how to do is to print more money. This is a nightmarish situation for most of the exporting companies dealing in USD. I wonder just how competitive this is going to make our exports. I know 2 very well run companies that quote their products in USD. (Evergreen Fibreboard/Uchitech Technologies). This sort of USD prices is going to eat into their profits.
Thank god I haven't pulled the trigger yet, or I would be staring at a 3% loss before buying anything...
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