Friday, December 12, 2008

Market Magic

Bingo! In dollar terms, Americans in Japan are 5% richer now than they were when they woke up!

Republican members of the U.S. Congress in Washington spike a bailout of U.S. auto manufacturers, yen rises from 93 to the dollar up to 88 yen to the dollar.

There goes the American imperium.

Poor Cassandra, she is probably throwing things against the wall right now.

1 comment:

Anonymous said...

A rather fast rebound to above 91 again this morning. Maybe Cassandra can put the crockery back in the drawer for a while.

That chart looks a little screwy though. I know it broke 89 on Friday, but I'm pretty sure it didn't do so on Thursday as well..