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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
GLAD THEY'RE PUBLISHING A NEWSPAPER...
Posted on 11/19/2006 20:17 PM | Link | Post Comment
...and not trying to run a global business. Oh, wait... they are trying to run a global business. Our correspondent "Irrational Exuberance" recalls the New York Times editorial page's heroic prediction for the US dollar on April 2, 2005:
The recent rally of the United States dollar notwithstanding, the greenback has nowhere to go but down. ...The dollar is heading down, no matter what.Hmmmm... according to this foreign exchange data from the Federal Reserve Bank of St. Louis, we're still waiting. First it headed up. Then it headed down. Then it headed up again. The Times looks about even a year and a half later -- at best.
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