posted on April 14, 2004 03:16:21 PM
Dollar Losing Value Against The Quarter
NEW YORK—After falling 6 percent in the past three weeks, the U.S. dollar hit a 208-year low against the U.S. quarter, which had been valued at exactly 0.25 dollars since its introduction in 1796. "The dollar continues to slide against most major currencies," Morgan Stanley analyst Richard Jemison said. "At the end of the day Tuesday, the quarter was trading at .267 yen, .203 euros, and US$0.28. But what we're really seeing here is not just a dollar weakened by a sluggish economy, but an exceptionally resilient quarter-dollar." Jemison was quick to point out that the dollar remains very strong against the nickel.
posted on April 15, 2004 08:48:55 AMand all this means what?
that it's "Partisan Economics--Republicans tend to see the economy as good and getting better. Democrats say poor and getting worse. It's a partisan world we live in today."
posted on April 15, 2004 09:44:07 AM
It is so sad but that's the truth Linda. I would take it a step further by saying that it seems as though the Democrats WANT to see the economy fail.
Stopwhining made a pretty good point also. Because I have quite a few 1964 US quarters and I know they are worth alot more than $0.25
