US house prices will drop by 8 per cent between 2006 and 2008 ... exceeding the record peak-to-trough drop of 6.5 per cent between 1991 and 1992.
—Standard & Poor's, as quoted
in "Dollar plunges to fresh lows"
A further blow to the middle class.
Meanwhile on Friday the euro reached a record high against the dollar of $1.3813, and the British pound reached a 26-year high. That second home in Spain is looking more and more unaffordable.
Something you should know about your dollars (9/24/04)
Buying a used Mercedes (2/8/05)
Happy days are here again (11/04/05)
"First" of the Day (4/11/07)
Headline of the Day (4/24/07)