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Posts Tagged ‘shilling’

GEORGE BUSH

Strong Dollar Policy Really Paying Off

Thursday, April 17th, 2008

This kid just bought the White House for 25 Kenyan shillingsWonkette Monetary Policy Operative “Lee” sends us welcome news: the U.S. dollar is totally beating the pants off the Kenyan shilling. You’ll recall that Barack Obama’s hometown of Kenya, Africa finally swore in a power-sharing cabinet following two months of violence after a disputed election. So it is nice to hear the American currency has gained “a slight ground” versus the currency of a nation with a 21.8% month-over-month inflation rate and a recent history of grave political instability. [NASDAQ.com]