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Dollar Plunging: Only Tinfoil Hats Concerned
Old 03-16-2008, 09:17 PM   #1
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Dollar Plunging: Only Tinfoil Hats Concerned

FORTUNE: Daily Briefing Bear sale, Fed moves send dollar tumbling
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Old 03-16-2008, 09:55 PM   #2
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No bites yet?
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Old 03-16-2008, 10:04 PM   #3
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I'll bite - I'm holding euros and the A$ - My question is when to sell.
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Old 03-16-2008, 10:05 PM   #4
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Ok fine. Ill help you out.



Someone hold me..I need to be held till its all better..
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Old 03-16-2008, 10:06 PM   #5
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No bites yet?
Down to 96.3 Yen now. Euro Union is screaming that the Euro is way up and it's hurting them! I just put on my gold bullion hat.
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Old 03-16-2008, 10:15 PM   #6
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Down to 96.3 Yen now. Euro Union is screaming that the Euro is way up and it's hurting them! I just put on my gold bullion hat.
Then Europe might want to start lowering its rates...
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Old 03-16-2008, 10:17 PM   #7
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I keep telling you folks - stick with Buffett, Bacon and Budweiser.

But does anybody listen? Nope.

heh heh heh - just kidding. I did have guns and gold in the 70's - but I drew the line at 7 yrs supply of freeze dryed food. The stuff they came out with for backpackers was good though.
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Old 03-16-2008, 10:23 PM   #8
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heh heh heh - just kidding. I did have guns and gold in the 70's - but I drew the line at 7 yrs supply of freeze dryed food. The stuff they came out with for backpackers was good though.
I like Nutrisystem - just nuke and eat.
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Old 03-16-2008, 10:26 PM   #9
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hey this is fun - this is when diversification is supposed to pay off. I guess Buffett was right - WMD's indeed and he is sitting on piles of cash to invest. bet there are a lot of folks who would like to buy stock market insurance from him. Also the Oil & Gold are just booming

-h
p.s: CNBC Asia is on right now on the east coast and very interesting to watch. Even the ads are interesting
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Old 03-16-2008, 10:34 PM   #10
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If we pull all of our resources together here on this forum, perhaps we can offer Bear Stearns $2.50 a share - anyone want to pony up?
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Old 03-16-2008, 10:37 PM   #11
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Btw the new corporate office that Bear Sterns built in NYC cost them $500Million. The whole company including the building was sold for $238M. Can I just get the building please!

-h
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Old 03-17-2008, 07:50 AM   #12
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I follow the euro and A$ neither have spiked up
check out
Forex Street. The Foreign Exchange Market
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Old 03-17-2008, 09:49 AM   #13
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Darn it's not good. We're traveling to Europe in 4 weeks.
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Old 03-17-2008, 09:54 AM   #14
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USD slump has been coming for years. Its amazing how long it stayed so high, considering the huge current account and budget deficits the US has run. But I think that the GBP and EUR will reverse course soon via rate cuts by their central banks. The JPY is at serious risk of currency intervention, IMO. The yuan will keep rising until the Chinese govt has figured out how to rein in their inflationary problem (not holding my breath).
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Old 03-17-2008, 09:56 AM   #15
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Gas $8.25/gallon here now.
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Old 03-17-2008, 10:33 AM   #16
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USD slump has been coming for years. Its amazing how long it stayed so high, considering the huge current account and budget deficits the US has run. But I think that the GBP and EUR will reverse course soon via rate cuts by their central banks.
The thing is, if you look at their own debts in per capita terms as a percentage of GDP, the entire Eurozone's debt isn't that much better than Uncle Sam's. That's one of the main reasons why I think the Euro is in a bubble relative to the dollar.

There are good reasons for the USD's weakness, but the problem is that right now many other currencies with similar problems are being given a free pass by the "hot money."
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Old 03-17-2008, 10:45 AM   #17
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I'd prefer they crash soon then, as we've got a 2 week vacation in early May thru Czech, Germany,ending in Amsterdam.
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Old 03-17-2008, 10:55 AM   #18
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Gas $8.25/gallon here now.
Yes but how much of that is taxes levied by the Italian Gvt? 75%?
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Old 03-17-2008, 10:56 AM   #19
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The thing is, if you look at their own debts in per capita terms as a percentage of GDP, the entire Eurozone's debt isn't that much better than Uncle Sam's. That's one of the main reasons why I think the Euro is in a bubble relative to the dollar.

There are good reasons for the USD's weakness, but the problem is that right now many other currencies with similar problems are being given a free pass by the "hot money."
I agree with that 100%.
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Old 03-17-2008, 12:05 PM   #20
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I was just warning the Euro-bound travelers..
I don't mind the taxes because they fund my health care, plus it's better than paying for endless war (effectively a gas tax).
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