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News Link • Economy - International

Value of pound hits five-year low against dollar


2 Comments in Response to

Comment by Chip Saunders
Entered on:

This is one perverse outcome of the current financial market spasming;...the Dollar is not losing value nearly as much as other currencies around the world are, with the result that the Dollar is GAINING against alternative currencies,...with the exception of the Yen. The yen, due to bank restructuring that occurred in Japan during the aftermath of their crash in the 90**Q**s, is not experiencing inflation currently,...and is in fact experiencing CONTRACTION. Therefore, the world markets are looking increasingly to the Yen as a bellweather for what the future holds for the world economies.

Comment by Powell Gammill
Entered on:

Perhaps you could loan us more money by buying our US Treasury Bonds. That would be jolly good of you.

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