Like A Brick.

In a week of looming economic darkness, a hint of light for Americans abroad. The falling exchange rate hit an all time low this week, dipping today to $1.73 per pound. (That's almost 25 cents lower than when I left California in August.) The figure above shows the downward trend since early July.

With the £500 billion British bailout and interest rate cut announced today, however, that may change in the very near future. That the value of the GBP is falling like a brick against the USD in a time when the US economic infrastructure faces ruin shows just how central the American economy is to the rest of the world. For now, I'm withdrawing while the rate lasts.