Quote:
Originally Posted by Americano
Anyone else watching the US Dollar? Last 30-days:
Euro Exchange Rate Graph - US Dollar - Historical Exchange Rates
That's a continuation of the long USD slide as investors continue losing confidence in the USD (which means the USA) due to US fiscal irresponsibility.
Any thoughts on future ramifications as the Fed has proven to be Wall Street's bitch and again lowered the federal funds rate in attempts to save equity market positions at the expense of increased inflation to US consumers?
Please, no government parroting of US exports being more attractive unless the accompanying reaction of higher prices (inflation) to US consumers is included in the opinion. |
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Inflation seems to be overlooked by "most" as a critical factor in retirement needs in ones forward planning .
For instance according to an inflation calculator:
What cost $1000000 in 1976 would cost $3619708.52 in 2006.
If for instance apart from taxes a person retired at age 50 and received 6% return on the investment of $1,000,000 or $60,000 per year for the 30 years that sum being used for living expense. At the end of 30 years the $60,000 would have a purchasing value of only $16,800 and the $1,000,000 would (in purchaasing power) have shrunk to $280,000. (correct me if I'm scrambled
:-) )