Dollar plunges to less than 100 yen - a 12 1/2 year low

[El Pinko]

http://biz.yahoo.com/ap/080313/dollar_yen.html?.v=2

Dollar Falls Below 100 Yen
Thursday March 13, 5:13 am ET
Dollar Falls Below 100 Yen, the First Time Since November 1995

TOKYO (AP) -- The dollar fell below 100 yen Thursday for the first time since November 1995.

The dollar slipped as low as 99.75 yen in Asian trading before bouncing back to 100.18 yen.

The U.S. currency has been declining amid growing worries about the American economy and a global credit crunch.

[Joanne98]

1. All Hell is going to break loose today.

[malaise]

2. The main headline on BBC International this morning

is tumbling markets and the selling off of the dollar. The Carlyle Capital crash is the biggest worry according to the money men. They're calling it a blood bath in Asia. The dollar is falling like Bush's numbers and McCain isn't helping that mess.

How ironic that Asia is suffering when Carlyle is only a US and European problem. How funny that Carlyle is associated with the most evil of politicians.

I don't know whether to laugh or cry.

[RC]

3. When I was in the Navy, the Yen was worth around 360¥ to the dollar.

That was back in the early to mid 60's

[Tesha]

4. And I remember ~250¥/$ in the late 70s or very early 80s.

Heckuva job, Bushie!

Tesha