~Spectating the spectacularity of life~

Friday, March 14, 2008

The 99 Cent Thing

If a dollar falls below a “dollar” is it still a dollar? Honestly, this scares the hell out of me.

NEW YORK, March 14 - The dollar fell below parity with the Swiss franc for the first time on Friday as fears about more credit turmoil and a U.S. recession sparked broad selling of the U.S. currency. The dollar fell to an all-time low of 0.9987 Swiss francs , according to electronic trading platform EBS. It last traded at 1.0026 francs.

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