Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Dollar Plunging: Only Tinfoil Hats Concerned
Old 03-16-2008, 08:17 PM   #1
Recycles dryer sheets
barbarus's Avatar
 
Join Date: Aug 2007
Posts: 433
Dollar Plunging: Only Tinfoil Hats Concerned

FORTUNE: Daily Briefing Bear sale, Fed moves send dollar tumbling «
__________________
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.
barbarus is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-16-2008, 08:55 PM   #2
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 798
No bites yet?
RockOn is offline   Reply With Quote
Old 03-16-2008, 09:04 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,105
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
dex is offline   Reply With Quote
Old 03-16-2008, 09:05 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Ok fine. Ill help you out.



Someone hold me..I need to be held till its all better..
Notmuchlonger is offline   Reply With Quote
Old 03-16-2008, 09:06 PM   #5
Full time employment: Posting here.
Patrick's Avatar
 
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
Quote:
Originally Posted by RockOn View Post
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.
__________________
Retired in 2006 at age 49.

"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
Patrick is offline   Reply With Quote
Old 03-16-2008, 09:15 PM   #6
Moderator Emeritus
 
Join Date: May 2007
Posts: 12,894
Quote:
Originally Posted by Patrick View Post
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...
FIREd is online now   Reply With Quote
Old 03-16-2008, 09:17 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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.
unclemick is offline   Reply With Quote
Old 03-16-2008, 09:23 PM   #8
Full time employment: Posting here.
Patrick's Avatar
 
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
Quote:
Originally Posted by unclemick View Post
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.
__________________
Retired in 2006 at age 49.

"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
Patrick is offline   Reply With Quote
Old 03-16-2008, 09:26 PM   #9
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 329
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.
lswswein is offline   Reply With Quote
Old 03-16-2008, 09:34 PM   #10
Recycles dryer sheets
Arc's Avatar
 
Join Date: Sep 2006
Posts: 372
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?
Arc is offline   Reply With Quote
Old 03-16-2008, 09:37 PM   #11
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 329
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.
lswswein is offline   Reply With Quote
Old 03-17-2008, 06:50 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,105
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
dex is offline   Reply With Quote
Old 03-17-2008, 08:49 AM   #13
gone traveling
 
Join Date: Feb 2008
Posts: 510
Darn it's not good. We're traveling to Europe in 4 weeks.
aida2003 is offline   Reply With Quote
Old 03-17-2008, 08:54 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
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).
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Old 03-17-2008, 08:56 AM   #15
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Gas $8.25/gallon here now.
ladelfina is offline   Reply With Quote
Old 03-17-2008, 09:33 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ziggy29's Avatar
 
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
Quote:
Originally Posted by brewer12345 View Post
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."
__________________
"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)
ziggy29 is offline   Reply With Quote
Old 03-17-2008, 09:45 AM   #17
Full time employment: Posting here.
 
Join Date: Feb 2008
Posts: 920
I'd prefer they crash soon then, as we've got a 2 week vacation in early May thru Czech, Germany,ending in Amsterdam.
tuixiu is offline   Reply With Quote
Old 03-17-2008, 09:55 AM   #18
Moderator Emeritus
 
Join Date: May 2007
Posts: 12,894
Quote:
Originally Posted by ladelfina View Post
Gas $8.25/gallon here now.
Yes but how much of that is taxes levied by the Italian Gvt? 75%?
FIREd is online now   Reply With Quote
Old 03-17-2008, 09:56 AM   #19
Moderator Emeritus
 
Join Date: May 2007
Posts: 12,894
Quote:
Originally Posted by ziggy29 View Post
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%.
FIREd is online now   Reply With Quote
Old 03-17-2008, 11:05 AM   #20
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
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).
ladelfina is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Questions, strong dollar or weak dollar ? frayne FIRE and Money 7 10-01-2007 07:59 PM
Concerned about being bored in ER. David1961 Life after FIRE 30 08-17-2007 07:50 AM
Empirical study of tinfoil helmets brewer12345 Other topics 6 09-16-2006 08:27 AM
Hats Danny Other topics 49 07-20-2006 06:01 PM
Tin Foil Hats, Now A Style Statement? yakers Other topics 7 05-03-2006 07:42 PM

» Quick Links

 
All times are GMT -6. The time now is 05:12 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.