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That wasn't a swing in the value of the dollar, that was a swing in the value of those goods. The price of a christmas tree drops precipitously the ~9PM on chr
by cowsandmilk 10y ago
That wasn't a swing in the value of the dollar, that was a swing in the value of those goods.
The price of a christmas tree drops precipitously the ~9PM on christmas eve every year, that says nothing about the value of a dollar.
- dandrino 10y agoWell, to be fair, the value of the dollar is determined by its buying power. If goods widely increased in cost, then the effective value of the dollar has decreased. Not saying that's what did or didn't happen on 9/11, though.
- Hannan 10y agoYes, if all goods widely increased in cost (or at least, most). If it's only the goods that people buy in anticipation of (e.g.) a catastrophe, or goods that rely on those aforementioned goods to be manufactured and/or delivered, then the above comment is correct.