As I See It: The Sick Guys in Your Wallet
November 26, 2007 Victor Rozek
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If you’ve been employed for the past six years, without being officially notified you have been given a 30 percent pay cut. That’s what happens when the dollar drops by nearly one-third of its value. What also happens is that your $300,000 home loses $90,000 of its value; your savings are worth 30 percent less, and your groceries cost 30 percent more. As any driver knows, the price of a barrel of oil is over five times what it was just six years ago. One sure sign that the guys pictured on our currency are in poor health is how |