Wednesday, November 17, 2004


Wednesday, November 17th

Yesterday, wholesale prices went up 1.7% for the most recent month, the biggest increase in about 15 years. Today the CRB is at 288.89, within a point of the highest since 1992, Gold finished the day at $444.40, the highest in over 16 years, and the US Dollar dropped to a record low against the Euro, 1.3038 to 1.
When my wife and I celebrated her 50th birthday in Italy in 2000, the dollar was .9 to 1.00; today our lodging in Tuscany would be almost 45% more expensive. Look for Americans to feel poorer when traveling to Europe. Look for Europeans to come here to buy our things.
Mover Mike

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