Replies to post #745 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

The high was about 1.2 near the peak of the bubble. the low posted near the bottom of the 1998 meltdown was about .9. Now about 1.06.

But the big problem with the dollar is that the US is so heavily dependent on foreign capital. People who argue that the US stock market soared as the buck plunged in the mid 1980s fail to memtion that the US was much less dependent on foreign capital at that time. And stocks were a lot cheaper then.

[JustTA]

George, here is a link to the USD chart going back to 1985. It's in PDF so you can print it in landscape mode and draw on it.

http://www.MRCI.com/pdf/dx.pdf

http://www.MRCI.com/pdf/charts.asp



Cheers!