Turns Out The ‘Rising Dollar’ Is Real

By |2015-04-23T11:47:30-04:00April 23rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The purpose of trying to frame revenue and earnings as a figment of dollar calculations is, of course, to make it seem as if these are just numbers that have little meaning. The emphasis on “constant currency” terms is not just a means to alter the figures but the very meaning itself. As IBM has constantly proclaimed, yes, its revenue [...]