By Brian Hunt in DailyWealth:
A quick note for all the vacation planners out there: Don't ski in Switzerland this year, stick to Colorado. Don't sip wine in France, stick to Napa Valley.
Today's chart [follow the link] gives you the reason. It's the abysmal performance of the U.S. dollar in 2009.
You can view currencies like the "stock" of a country. When times are good and its finances are in order, a country's currency tends to rise. When times are bad and its finances are a debt-soaked mess, a country's currency tends to fall.
Read full article (plus chart)...
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