According to today’s currency market, my Swiss watch would now cost an all-time high of $59.816. Last week, it was $58.9415, an improvement from the $59.3895 of the week before, but clearly the trend is not good. Last year, my Swiss watch cost $50. So, the dollar continues its not-so-slow crash.
Petroleum ($91.23) and gold prices ($1502.80) are dropping, too. So, those moderate inflation rates are probably pretty accurate. Though, recall that the CPI is often reported as “exclusive of the volatile food and energy” products.
Meanwhile, our Model Portfolio is still deeply in the red, but the decline has not been as fast as it was earlier this month. In fact, it is up about $30 from last week, when the value of the portfolio was $4,906.10, for a cumulative loss of $477.30, or an 8.87 percent decline.