Uncle Bill(a.k.a the US Dollar) Murdered!!!

barbarus · 03-14-2008, 04:27 PM

Might not be a good time for buying anything foreign.

Like gas.

INO - U.S $ INDEX (NYBOT

ziggy29 · 03-14-2008, 04:29 PM

There are good reasons for the dollar to be low, just as there are good reasons for oil to be so high. Both moves are overdone, IMO, as "hot money" is all betting on oil and against the dollar.

**REWahoo** · 03-14-2008, 04:40 PM

Times like these always remind me of a very wise old guy I worked with, who, whenever things at work looked exceedingly good - or exceedingly bad - would calmly remark: "Things are rarely as good as you hope or as bad as you fear".

Notmuchlonger · 03-14-2008, 04:50 PM

Or don't eat yellow snow.

FIREdreamer · 03-14-2008, 05:14 PM

It has been my opinion that the fall of the US dollar is completely overdone especially Vs the Euro. The purchasing power parity between the 2 currencies is completely out of whack in my opinion, and Europe faces as many challenges if not more than the US down the road. As a percentage of GDP, the US debt (9 trillion dollars) is no larger than that of most Eurozone countries, Europe has many more costly social programs to keep funding in the future, it has generally lower growth hence lower tax revenues to pay for these programs, and European citizens are already maxed out on taxes (as high as 50% of gross income in some countries), so they can't even raise taxes to keep funding these programs. And let's not even talk about the shaky political underpinnings of the Euro as a currency. I am actually a bit hesitant to buy assets in Euros right now, because I believe that we could see the dollar snap back pretty hard sooner rather than later.

**Want2retire** · 03-14-2008, 05:24 PM

Quote:

Originally Posted by FIREdreamer

It has been my opinion that the fall of the US dollar is completely overdone especially Vs the Euro. The purchasing power parity between the 2 currencies is completely out of whack in my opinion, and Europe faces as many challenges if not more than the US down the road. As a percentage of GDP, the US debt (9 trillion dollars) is no larger than that of most Eurozone countries, Europe has many more costly social programs to keep funding in the future, it has generally lower growth hence lower tax revenues to pay for these programs, and European citizens are already maxed out on taxes (as high as 50% of gross income in some countries), so they can't even raise taxes to keep funding these programs. And let's not even talk about the shaky political underpinnings of the Euro as a currency. I am actually a bit hesitant to buy assets in Euros right now, because I believe that we could see the dollar snap back pretty hard sooner rather than later.

I tend to agree, and in fact sold the VEURX that I had in my "play account" a while back. If you are right, Ladelfina may find her dollars going farther in Italy.

barbarus · 03-14-2008, 06:44 PM

Those countries that maintain their interest rates (Great Britain, Australia), have a better chance than those that plunge their rates towards zero(ish) like ........

Speakin' of.

There is a substantial segment of the futures community that is pricing in a 100 basis point cut on Tuesday.

Whatse got left? 200 more?

Notmuchlonger · 03-14-2008, 07:32 PM

Quote:

Originally Posted by barbarus

Those countries that maintain their interest rates (Great Britain, Australia), have a better chance than those that plunge their rates towards zero(ish) like ........

Speakin' of.

There is a substantial segment of the futures community that is pricing in a 100 basis point cut on Tuesday.

Whatse got left? 200 more?

Hopefully they will go negative. Im crossing my fingers and toes.

unclemick · 03-15-2008, 10:43 AM

Buckle up - use dollars to buy bacon and Buweiser to ride thru the rough times. If Buffett can take a position in Kraft(Oscar M. bacon) and Budweiser I can at least consider venturing some hobby money.

Of course Spring is near and Kayaks may go on sale.

heh heh heh - meanwhile holding the balanced index for my age and soldiering on!

.

Old saw - food and beer do good in hard times - in contrast to Caviar and Cognac.

Arc · 03-15-2008, 03:23 PM

Quote:

Originally Posted by REWahoo

Times like these always remind me of a very wise old guy I worked with, who, whenever things at work looked exceedingly good - or exceedingly bad - would calmly remark: "Things are rarely as good as you hope or as bad as you fear".

One of my favorites - "95% of what you fear will never occur and the other 5% will never be as bad as you imagine."

yakers · 03-18-2008, 12:45 AM

[quote=unclemick;629191]

Of course Spring is near and Kayaks may go on sale.

.[/QUOTEMost often the good sales are in the fall but I'll keep my eyes open

Kayaks will get you through no money better than money will get you through times of no kayaks

or something like that.

03-14-2008, 04:27 PM	#1
barbarus Recycles dryer sheets Join Date: Aug 2007 Posts: 386	Uncle Bill(a.k.a the US Dollar) Murdered!!! Might not be a good time for buying anything foreign. Like gas. INO - U.S $ INDEX (NYBOTX) Price Chart and Quote __________________ Privatize the profits, socialize the losses.

03-14-2008, 04:29 PM	#2
ziggy29 Thinks s/he gets paid by the post Join Date: Oct 2005 Location: Texas Hill Country Posts: 2,377	There are good reasons for the dollar to be low, just as there are good reasons for oil to be so high. Both moves are overdone, IMO, as "hot money" is all betting on oil and against the dollar. __________________ FIRE Clock: Retired. Since it feels like I'll never be now. waiting for the government to privatize the gains and socialize my losses in my 401K...

03-14-2008, 04:40 PM	#3
REWahoo Administrator Join Date: Jun 2002 Location: Texas Hill Country Posts: 11,606	Times like these always remind me of a very wise old guy I worked with, who, whenever things at work looked exceedingly good - or exceedingly bad - would calmly remark: "Things are rarely as good as you hope or as bad as you fear". __________________ [Closed for renovation]

03-14-2008, 04:50 PM	#4
Notmuchlonger Thinks s/he gets paid by the post Join Date: Dec 2007 Posts: 2,986	Or don't eat yellow snow. __________________ Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war.

03-14-2008, 05:14 PM	#5
FIREdreamer Thinks s/he gets paid by the post Join Date: May 2007 Posts: 1,343	It has been my opinion that the fall of the US dollar is completely overdone especially Vs the Euro. The purchasing power parity between the 2 currencies is completely out of whack in my opinion, and Europe faces as many challenges if not more than the US down the road. As a percentage of GDP, the US debt (9 trillion dollars) is no larger than that of most Eurozone countries, Europe has many more costly social programs to keep funding in the future, it has generally lower growth hence lower tax revenues to pay for these programs, and European citizens are already maxed out on taxes (as high as 50% of gross income in some countries), so they can't even raise taxes to keep funding these programs. And let's not even talk about the shaky political underpinnings of the Euro as a currency. I am actually a bit hesitant to buy assets in Euros right now, because I believe that we could see the dollar snap back pretty hard sooner rather than later. __________________ "Fortune favors the brave" - Virgil

03-14-2008, 06:44 PM	#7
barbarus Recycles dryer sheets Join Date: Aug 2007 Posts: 386	Those countries that maintain their interest rates (Great Britain, Australia), have a better chance than those that plunge their rates towards zero(ish) like ........ Speakin' of. There is a substantial segment of the futures community that is pricing in a 100 basis point cut on Tuesday. Whatse got left? 200 more? __________________ Privatize the profits, socialize the losses.

03-15-2008, 10:43 AM	#9
unclemick Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Jul 2003 Location: north of Kansas City Posts: 5,553	Buckle up - use dollars to buy bacon and Buweiser to ride thru the rough times. If Buffett can take a position in Kraft(Oscar M. bacon) and Budweiser I can at least consider venturing some hobby money. Of course Spring is near and Kayaks may go on sale. heh heh heh - meanwhile holding the balanced index for my age and soldiering on! . Old saw - food and beer do good in hard times - in contrast to Caviar and Cognac.

03-18-2008, 12:45 AM	#11
yakers Thinks s/he gets paid by the post Join Date: Jul 2003 Posts: 1,611	[quote=unclemick;629191] Of course Spring is near and Kayaks may go on sale. .[/QUOTEMost often the good sales are in the fall but I'll keep my eyes open Kayaks will get you through no money better than money will get you through times of no kayaks or something like that. __________________ A slave is someone who waits for someone else to free them

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