Re: Democrats destroying America ...

George Cook wrote:

....

I'm not going to comment one way or the other given that (unlike Bill)
I fully understand that predicting anything based on exchange rates is
a lot like weather forecasting.

Ah, George - I see you've found someone else to babble to.

What a thoroughly neocon attitude: the suggestion that 'prediction' applies to the past (e.g., the 2001 - 2007 period that we were discussing) as much as to the future! How similar to the rewriting of history (and of course current events as well) that your like-minded cohorts practice on such a regular basis! You've clearly been studying your Orwell diligently, even if not your economics.

Do you *really* find that 'forecasting' *last year's* weather is all that error-prone an endeavor? Or that 'predicting' *last year's* relative worth using value-based exchange rates such as those between the dollar and the Euro, and the pound, and almost all of the other currencies I used in my original comparison of developed countries is a similarly black art? If so, your more general confusion is considerably more understandable.

- bill
.

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