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Dollar Plunging: Only Tinfoil Hats Concerned
03-16-2008, 08:17 PM
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#1
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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Dollar Plunging: Only Tinfoil Hats Concerned
__________________
Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.
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03-16-2008, 08:55 PM
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#2
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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No bites yet?
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03-16-2008, 09:04 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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I'll bite - I'm holding euros and the A$ - My question is when to sell.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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03-16-2008, 09:05 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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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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03-16-2008, 09:06 PM
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#5
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Full time employment: Posting here.
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
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Quote:
Originally Posted by RockOn
No bites yet?
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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.
__________________
Retired in 2006 at age 49.
"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
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03-16-2008, 09:15 PM
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#6
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Then Europe might want to start lowering its rates...
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03-16-2008, 09:17 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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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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03-16-2008, 09:23 PM
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#8
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Full time employment: Posting here.
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
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Quote:
Originally Posted by unclemick
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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I like Nutrisystem - just nuke and eat.
__________________
Retired in 2006 at age 49.
"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
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03-16-2008, 09:26 PM
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#9
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Recycles dryer sheets
Join Date: Mar 2005
Posts: 329
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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
__________________
Hope springs eternal in the human breast:Man never is, but always to be blest.
The soul, uneasy and confined from home,Rests and expatiates in a life to come.
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03-16-2008, 09:34 PM
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#10
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 372
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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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03-16-2008, 09:37 PM
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#11
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Recycles dryer sheets
Join Date: Mar 2005
Posts: 329
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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 $238M. Can I just get the building please!
-h
__________________
Hope springs eternal in the human breast:Man never is, but always to be blest.
The soul, uneasy and confined from home,Rests and expatiates in a life to come.
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03-17-2008, 06:50 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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I follow the euro and A$ neither have spiked up
check out
Forex Street. The Foreign Exchange Market
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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03-17-2008, 08:49 AM
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#13
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gone traveling
Join Date: Feb 2008
Posts: 510
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Darn it's not good. We're traveling to Europe in 4 weeks.
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03-17-2008, 08:54 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-17-2008, 08:56 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,713
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Gas $8.25/gallon here now.
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03-17-2008, 09:33 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by brewer12345
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.
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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."
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-17-2008, 09:45 AM
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#17
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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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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03-17-2008, 09:55 AM
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#18
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Quote:
Originally Posted by ladelfina
Gas $8.25/gallon here now.
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Yes but how much of that is taxes levied by the Italian Gvt? 75%?
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03-17-2008, 09:56 AM
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#19
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Quote:
Originally Posted by ziggy29
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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I agree with that 100%.
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03-17-2008, 11:05 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,713
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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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