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---Prospect and dates for this week in international business and stock markets

---|Aug 19/ Building Permits | Core PPI | Housing Starts | PPI |

---|Aug 20/ Crude Inventories |

---|Aug 21/ Initial Claims | Leading Indicators | Philadelphia Fed |

---Experts opinions

---|Aug 19, 2008/ The Lessons of a Lifetime - by Ted Butler

---|Aug 19, 2008/ Wag the Dog - by Ellen Brown

---|Aug 15, 2008/ The four Tires of the Apocalypse - by Darryl R. Schoon

---|Aug 15, 2008/ Back to the start - by Ted Butler

---|Aug 1, 2008/ PM Summer Doldrums - by Adam Hamilton

---|July 30, 2008/ The Con in Central Bankers' Confidence - by Darryl R. Schoon

---|July 29, 2008/ Coincidence or Confirmation? - by Ted Butler

Sell the Dollar! - Better now than never
Rising prices since the 80’s till today – The reason: The dollar depreciates

Do you still remember the prices at the beginning of the 80’s? In comparison to todays prices, they were way more than low. Consider the average price for a house in the United States, which was at about 74.000 USD. Today you’ll hardly get an empty building lot on the outskirts, not to speak of a whole house.

In those times a stamp didn’t cost more than 16 cent in the US.
And what about a mid-range car? Two and a half decades ago you just had to pay 6.900 USD for it. The Dollar is subject to a strong loss of purchasing power, just like all the other currencies are. How come that these price comparisons are so important?
The mass media just refers to nominal prices. The nub of the matter is, however, that the dollar is worth far less today than 25 or 30 years ago. As a matter of fact, the dollar still is the yardstick for the formation of prices in all asset categories. However, this yardstick has changed immensely during the last decades.
The inflation erodes our assets mercilessly. Related to a period of time of 12 months this development is not particularly to be seen. But if you keep this process under review for a longer period of time, one becomes aware of the intensity of the loss of purchasing power.
If we consider the amount of money we had to spend for postal charges, car, house and other goods in the years 1975 to 1980 one notices how much paper money loses value in the course of time. 

The invisible inflation...

read on about " How to handle the declining Dollar "