Obama: Greece, facing bad days, has US as ally - FederalNewsRadio.com
Papandreou said he outlined European proposals in his White House meeting and Obama reacted positively to European ideas about cracking down on currency speculation. He also said the issue would be discussed at the next meeting of the Group of 20 ...
Publ.Date : Wed, 10 Mar 2010 00:02:00 GMT
Borg: No cash for euro currency fund - Local
"Swedish taxpayers money will not be spent on this," Borg said to journalists at the Government Offices on Tuesday. Borg expressed support for the initiative, however, saying that the Greek crisis has shown that regulations need to be tightened, and ...
Publ.Date : Tue, 09 Mar 2010 13:11:00 GMT
IMF's Strauss-Kahn: China's Currency Still "very Much Undervalued" - RTT News
(RTTNews) - China's currency is still "very much undervalued" and the country may allow the yuan to appreciate in the coming months, International Monetary Fund's Managing Director Dominique Strauss-Kahn said Tuesday. In a speech at the University of ...
Publ.Date : Tue, 09 Mar 2010 11:59:00 GMT
New Zealand Import Prices Fall 5.8% as Currency Rises (Update1) - BusinessWeek
March 10 (Bloomberg) -- New Zealand import prices fell by the most in three years as the currency surged, ensuring the nation’s terms of trade index increased for the first time in seven quarters. Import prices dropped 5.8 percent in the three ...
Publ.Date : Tue, 09 Mar 2010 22:08:00 GMT
Boomerang Networks Launches Community Controlled “Offerwall ... - YAHOO!
Offerwall introduces a new approach to improving the experience of these users as they consider and complete advertising offers in order to earn virtual currency: • Users can rate each advertising offer, giving it a thumbs up or thumbs down.
Publ.Date : Tue, 09 Mar 2010 17:21:00 GMT
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On Friday, the Dow lost another 224 points.

English translation German translation - Deutsche Übersetzung French translation - Traduction française Italian translation - Traduzione italiana Spanish translation - Traducción española Portuguese translation - Tradução portuguese Chinese translation - 中国翻译 Japanese translation - 日本翻訳 Korean translation - 한국 번역 Arabic translation - الترجمه العربيه

 

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n Friday, the Dow lost another 224 points.

The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.

That’s in US dollars. But the US dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount… or around $3 trillion.

(John Connelly, treasury secretary under Richard Nixon, once famously remarked to a group of European visitors: “It’s our dollar, but it’s your problem.” That was back in the days when America still had an almost-positive trade balance. Now, when the United States needs nearly $3 billion in foreign money every day, the dollar has become OUR problem too.)


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