I will never understand international currency exchange rates. Hell, even Alan Greenspan says he doesn’t understand why the world economy has suddenly gone down the drain. How are we mere mortals supposed to grasp even the basics of economics, much less the finer points, if Greenspan is befuddled?
But I do know one thing for sure about the exchange rate between the U.S. dollar and the euro: If I go to Europe, the euro will climb and the dollar will fall. When I return to the good ol’ USA, the dollar will come back. I call it (modestly) the Flippo Factor. READ MORE »