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

---|Dec 01/ Construction Spending | ISM Index |

---|Dec 02/ Auto Sales | Truck Sales |

---|Dec 03/ ADP Employment | Productivity-Rev. | ISM Services | Fed's Beige Book |

---|Dec 04/ Initial Claims | Factory Orders |

---|Dec 05/ Average Workweek | Hourly Earnings | Nonfarm Payrolls | Unemployment Rate |

---Consumer Credit |

---Experts opinions

---|Dec 03, 2008/ COT Extremes - by Ted Butler

---|Dec 01, 2008/ The Perfect Storm - by Mike Hoy

---|Nov 30, 2008/ Global Indexes - by Jack Chan

---|Nov 29, 2008/ Some positive signs - by Mary Anne & Pamela Aden

---|Nov 29, 2008/ Precious Metals in Europe - by David Morgan

---|Nov 27, 2008/ Beyond Taxation Without Representation - by Ted Butler

---|Nov 26, 2008/ Thanksgiving In America - by Darryl Robert Schoon

---|Nov 21, 2008/ Silver in Crisis - by Adam Hamilton

---|Nov 21, 2008/ Gold Pressure near breaking point - by James West

---|Nov 19, 2008/ A Sure Thing - by Ted Butler

---|Nov 17, 2008/ Would a trade war help solve the problem of excess capacity - by Prof. Michael Pettis

Sell the Dollar! - Better now then 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 "