A strong currency is a formidable asset

This graph (click on graph to enlarge) shows the CRB commodity index in Euros.
Look at it closely. It shows no increase in commodity prices in Euros in the past three years. In other words, European business has experienced no increase in raw material costs since 2004.
In the same period US business has seen raw material costs soar almost 15%.
My point is rising commodity prices reflect a devaluation of the dollar and a loss of competitiveness against foreign business.
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George Dagnino, PhD
Editor, The Peter Dag Portf0lio
Since 1977