And here's today's euro/US dollar spike, from below $1.06 to over $1.08.
Yusef said he and his wife earned a combined 35,000 Syrian pounds a month, worth $729 in early March and about half that when the price of dollars spiked last week.
But it also isn't even currently on the top list of paid apps, and it continues to pull in substantial dollars, spiking, we hear, to as much as $60,000 per day.
In May, following the blue dollar's spike, she announced a plan that aims to accomplish both those goals.The scheme, referred to locally as the "laundering law", invites those with undeclared dollars to invest in property and the energy industry without facing penalties for their previous financial chicanery.
The Bureau of Economic Analysis reported last week that the economy grew at a 3.5% annual rate in the third quarter–a figure they achieved by claiming inflation was running at only a 0.8% annual rate, despite a sharp drop in the dollar, a spike in commodity prices and record highs for gold.
So, in summary, we do not believe that the outlook for US economic growth is as strong as the dollar's spike would suggest.
Roubini is among those who fear that America's profligacy will eventually create a crisis of confidence on the part of its creditors, leading to a run on the dollar, an upward spike in interest rates, and a deep recession.
Only a run on the dollar or a spike in interest rates that hurts constituents not hand-wringing by deficit hawks at think tanks.
While the economy is not inflationary now, he said, the dollar's decline and spikes in commodity prices over the past year are classic early warning signs.
Just in the last few days, the decline in the dollar spurred a new spike in oil prices, along with those of other commodities.
There are any number of potential flashpoints: a rout in the dollar, say, or a spike in the oil price, or a big emerging market getting into trouble again.
