Monday, March 02, 2009

Alarm! Alarm!

Okay, the title is bogus. Yahoo News posts an AFP news item that starts as follows,
LONDON (AFP) – The euro fell sharply against the dollar on Monday after European Union leaders ruled out a regional bailout plan for Eastern Europe at a weekend summit, analysts said.

Sharply. It went from 1.2671 Euros/Dollar to 1.2603. That amounts to a bit less than one-half of one percent. Sharply indeed.

I wonder how they would describe a ten percent drop.

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