Save me Ben!
Meanwhile, dollar-denominated oil hit an all-time high today, the dollar hit an all-time low against the Euro, and gold is at $713 and climbing.
Everyone in the States feeling rich? Dollar-denominated stocks holding up for ya? Well, I've got some bad news. And here's a hint. I paid $20 for a hamburger tonight in London. And if Ben screws up and lowers rates, that burger is gonna be $30 real quick.
Dollar Falls to Record Low Versus Euro on Rate Differential
Sept. 12 (Bloomberg) -- The dollar fell to a record low against the euro as investors increased bets the Federal Reserve will reduce its target interest rate, narrowing the yield advantage between the U.S. and Europe.The currency declined for a sixth day, the longest losing streak since April, as investors wager the Fed will cut its key borrowing rate by a half-percentage point to 4.75 percent next week, narrowing the gap to 0.75 percentage points.