Franc-ly My Dear…
‘As they emptied their sacks, behold, every man’s bundle of money was in his sack. And when they and their father saw their bundles of money, they were afraid.’ ~ Genesis 42:35
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‘The dollar fell below parity with the Swiss franc for the first time on Friday as fears about more credit turmoil and a U.S. recession sparked broad selling of the U.S. currency. The dollar fell to an all-time low of 0.9987 Swiss francs, according to electronic trading platform EBS. It last traded at 1.0026 francs.’
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‘Harvard University economist Martin Feldstein, a member of the group that dates business cycles in the U.S., said the nation has entered a recession that could be the worst since World War II.’
So, tell me more about this ‘Money.’
