Comments are welcome and discussion is open and encouraged. I expect that there will be some occasional disagreement (heaven knows why) or welcome clarification and embellishment, and such are freely solicited.
Consider that all such comments are in the public domain and are expected to be polite, even while contentious. I will delete comments which are ad hominem, as well as those needlessly profane beyond the realm of sputtering incredulity in reaction to some inanity, unless attributed to a quote.
Links to other sources are fine so long as they further the argument or expand on the discussion. All such comments and links are the responsibility of the commenter, and the mere presence herein does not necessarily constitute my agreement.
I will also delete all comments that link to a commercial site.
For those paying attention, the Euro, the official currency of an array of failing economies in Europe, has been losing value over the past several years, and rightfully so. If the U. S. economy was sound, the value of the dollar versus the Euro would have increased; instead, it has actually lost value. The so-called increase in the stock market is actually a reflection of the decreasing value of the dollar. Your purchasing power isn't increasing; the assets of the stock market firms are being revalued upward, reflecting the greater cost of replacement.
ReplyDeleteSuperb analysis. I expect that the same is true for the increasing cost of crude oil.
ReplyDeleteThank you for your contribution.