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Re: Weak Dollar - Any Concerns
Old 04-21-2007, 05:25 PM   #21
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Re: Weak Dollar - Any Concerns

Weak dollar? What weak dollar? Our Canadian dollar hasn't been this high this long for about 30 years.

Sorry, kidding you SOB's (south of border)
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Re: Weak Dollar - Any Concerns
Old 04-21-2007, 08:52 PM   #22
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Re: Weak Dollar - Any Concerns

Quote:
Originally Posted by kumquat
Weak dollar? What weak dollar? Our Canadian dollar hasn't been this high this long for about 30 years.

Sorry, kidding you SOB's (south of border)
wait till commodities drop in value
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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 01:43 AM   #23
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Re: Weak Dollar - Any Concerns

As an FYI to Lancelot (and you might know this).... the UK does not use Euros...

And the euro was way below a dollar a few years back.... so it is WAY stronger than it was...
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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 03:04 AM   #24
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Re: Weak Dollar - Any Concerns

Currently there are fourteen countries of the European Union that do not use the Euro: They are Denmark, Sweden, the United Kingdom, Bulgaria, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania and Slovakia.

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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 03:55 AM   #25
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Re: Weak Dollar - Any Concerns

Quote:
Originally Posted by Texas Proud
As an FYI to Lancelot (and you might know this).... the UK does not use Euros...

And the euro was way below a dollar a few years back.... so it is WAY stronger than it was...
The UK pension system (similar to the US in that there is a fund made up of government securites) is so different to the Eurozone countries (ie they don't a pension fund, it is completely pay as you go, so the baby boomers retiring means more taxes for the remaining workers or lower benefits) is one of the reasons the UK did not join the euro.

My take on the euro/dollar and GBP/dollar is that it is a cycle and nothing to worry about apart the short term effect on vacations. Unfortunately, for those wanting to retire to the UK, it is more of a worry. We plan to spend a lot more time living in the UK when we retire, but are fortunate that 2 of my company pensions will be paid in the UK plus I'm eligible for a UK govt pension, having paid into the system for 19 years.
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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 01:21 PM   #26
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Re: Weak Dollar - Any Concerns

Quote:
Originally Posted by Alan
The UK pension system (similar to the US in that there is a fund made up of government securites) is so different to the Eurozone countries (ie they don't a pension fund, it is completely pay as you go, so the baby boomers retiring means more taxes for the remaining workers or lower benefits) is one of the reasons the UK did not join the euro.


So a fund made up of debt obligations owed both by, and too, the same government is supposed to be different from a pay as you go scheme how?

Hey look, I just wrote my self a $10MM IOU . . . I'm off to spend my $400,000 SWR. Why didn't anyone think of this sooner?
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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 04:15 PM   #27
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Re: Weak Dollar - Any Concerns

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Originally Posted by 3 Yrs to Go
Why didn't anyone think of this sooner?
Maybe because it costs a lot of money to print your own currency!
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Re: Weak Dollar - Any Concerns
Old 04-22-2007, 11:46 PM   #28
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Re: Weak Dollar - Any Concerns

Quote:
Originally Posted by Texas Proud
As an FYI to Lancelot (and you might know this).... the UK does not use Euros...

And the euro was way below a dollar a few years back.... so it is WAY stronger than it was...
Yep, the Brits in my neighborhood remind me constantly "Two for one today mate" (two pounds sterling per USD)

I was referencing that Citi Group (I think that was the name) study that the UK is shifting to more personal retirememnt savings plans that are funded (the value of the market that day)
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Re: Weak Dollar - Any Concerns
Old 04-23-2007, 04:05 PM   #29
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Re: Weak Dollar - Any Concerns

Quote:
Originally Posted by dex
US stock market - could go up as our stocks look cheap to foreign investors; it could go down if foreign investors see their currently invested dollars going down. So far it isn't in the news so not too much to worry about.
The longterm decline of the value of the US$ isn't in the news Really? What newspaper do you read?

Most non-American investors are very aware that the greenback has significantly slumped during the past few years, and are accordingly cautious about the US markets.
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Re: Weak Dollar - Any Concerns
Old 04-23-2007, 07:43 PM   #30
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Re: Weak Dollar - Any Concerns

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Originally Posted by 3 Yrs to Go
So a fund made up of debt obligations owed both by, and too, the same government is supposed to be different from a pay as you go scheme how?
It's the same as the US system - which pushes the SS money from one hand to the other. Both the US and UK think this is better than no fund at all. SS fund, no SS fund, which is better? I don't know but the reason I brought it up is that the UK had to essentially give up its pension funding system to be in line with the rest of the Euro countries. Unless there is a concession or a major change in thinking then the UK won't be joining the Euro system any time soon.
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Re: Weak Dollar - Any Concerns
Old 04-25-2007, 02:25 PM   #31
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Re: Weak Dollar - Any Concerns

Yep, the Brits in my neighborhood remind me constantly "Two for one today mate" (two pounds sterling per USD) sure hope you asked them what it was 30 yrs ago!
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