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Friday, July 13, 2007

Dollar sinks to new low against the euro

The euro broke through the $1.38 mark Friday for the first time, as persistent worries about the strength of the U.S. economy pushed the European currency higher.
And oil's selling at $73.93 a barrel on NYMEX, nearing an all-time high. What the stock market is so excited about I don't know--the US economy seems to be swirling the bowl on its way down. Of course, the prospect of endless war always thrills Wall Street, and with Cheney in the White House and the Dumbocrats on Capitol Hill, every day is a trip to the amusement park for the war profiteers.