SEARCH BLOG: ECONOMY and AUTOMOBILES
In March 2008, I published this:
In December, 2008 I asked if we were there yet?
Today in the Detroit Free Press, the answer was loudly confirmed... YES!
Devaluation of U.S. dollar global trend: Brazilian official
www.chinaview.cn 2009-05-29 09:22:46
RIO DE JANEIRO, May 28 (Xinhua) -- Brazil's Central Bank President Henrique Meirelles said on Thursday the devaluation of the U.S. dollar is a global phenomenon instead of an occurrence restricted to Brazil.
"There is a global devaluation of the U.S. dollar. It has got nothing to do with the (Brazilian) real," he said during a public audience in the Congress, reminding that the euro rose 2.7 percent compared to the dollar in the past two weeks, while the real rose 2.4 percent.
So, we have the Federal Government along with the UAW owning one of the largest manufacturers in the U.S. and the dollar sliding in value. Did I misunderstand what was happening a year ago?