I first came to Japan in May 1975; I have now been here since Sep 1998 (14 years). In 1975, $1 would buy 306 yen. Today, $1 will get you 78 yen. Thank you, federal reserve, for destroying king dollar. And the above chart tells me that anyone who preaches buy and hold is insane. Folks, a financial collaspe is close at hand. Cash is king, I think.
And I would imagine a chart showing deficits would show the exact opposite line.
I first came to Japan in May 1975; I have now been here since Sep 1998 (14 years). In 1975, $1 would buy 306 yen. Today, $1 will get you 78 yen. Thank you, federal reserve, for destroying king dollar. And the above chart tells me that anyone who preaches buy and hold is insane. Folks, a financial collaspe is close at hand. Cash is king, I think.
And I would imagine a chart showing deficits would show the exact opposite line.
Had no idea about the yen number…wow!