Dollar continues to decline in value against the Euro; soon to be worth shit.

by an Unemployed White Male on April 25, 2011

in American Culture,Business & Economy,Recession

NEW YORK — Yikes. It looks like the dollar is putting up less of a fight against the euro and other major currencies than my beloved Knicks did in their playoff matchup with the Boston Celtics.

The dollar is getting weaker by the day, and while that may be a plus for the earnings of multinational firms like IBM (IBM, Fortune 500), Coca-Cola (KO, Fortune 500) and Procter & Gamble (PG, Fortune 500), that’s not good news for many consumers.

Read more at CNNMoney.com.

Share this article with your friends!
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Twitter
  • Google Bookmarks
  • email
  • Google Buzz
  • LinkedIn
  • MySpace

Tagged as: American dollar, CNNMoney, currency rates, devlauation of dollar, Economic recovery, Euro, exchange rates, Recession, US dollar, US economic recovery, US economy

Comments on this entry are closed.