U.S. Dollar Being Turned Away in Stre...

U.S. Dollar Being Turned Away in Street Exchanges

There are 3 comments on the Paul Kedrosky's Infectious Greed story from Mar 17, 2008, titled U.S. Dollar Being Turned Away in Street Exchanges. In it, Paul Kedrosky's Infectious Greed reports that:

“It's hard to find a place to exchange. We have to go downtown, to the central station or post office.”

People won't take U.S. dollars for exchange because the value is dropping too fast. via Paul Kedrosky's Infectious Greed

Join the discussion below, or Read more at Paul Kedrosky's Infectious Greed.

“We're all Bozos on this bus”

Since: Jan 07

South Bend, IN

#1 Mar 17, 2008
Gee, imagine if we WERE in a recession! ;-)
Jerry

Marysville, OH

#2 Mar 19, 2008
We lack serious financial leadership in the US government. The dollar purchased 1.3 Euros in 2002. Now it purchases .75 Euros, a 100% drop! Something has run amuk. The feds concern to fuel the economy by cutting interest rates is causing the dollar to fall like a boat anchor.

“We're all Bozos on this bus”

Since: Jan 07

South Bend, IN

#3 Mar 20, 2008
Jerry wrote:
We lack serious financial leadership in the US government. The dollar purchased 1.3 Euros in 2002. Now it purchases .75 Euros, a 100% drop! Something has run amuk. The feds concern to fuel the economy by cutting interest rates is causing the dollar to fall like a boat anchor.
Actually,'0' would be a 100% drop.

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