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Fed keeps rates the same for 4th time (dollar plunges)
AFX News (via FXStreet) ^
| December 12, 2006
Posted on 12/12/2006 12:15:06 PM PST by GodGunsGuts
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To: GodGunsGuts
Here's how the dollar reacted to the news:
To: GodGunsGuts
...as worries about inflation continued to trump concerns about the slowing economy.
Shouldn't it be in reverse - "...as worries about the slowing economy continued to trump concerns about inflation"? Otherwise rate increase would be voted in...
3
posted on
12/12/2006 12:22:05 PM PST
by
alecqss
To: Pelham; djf; RobRoy; winodog; durasell; expat_panama; remember; Mase; Toddsterpatriot; ...
To: GodGunsGuts
5
posted on
12/12/2006 12:28:04 PM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: GodGunsGuts
Plunge, I do not think that word means what you think it means.
6
posted on
12/12/2006 12:31:26 PM PST
by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
To: alecqss
there could be other reasons in today's complex global economy, but basically people are chasing denominations like the euro where they expect interest rates to rise and give them a better return on their investment where as the return on the dollar will probably yield less cause if anything the fed will lower rates before raising them. Exporters are smiling, Importers are crying.
To: GodGunsGuts
As europe raises rates?
My but we are living in interesting times.
8
posted on
12/12/2006 12:32:01 PM PST
by
RobRoy
(Islam is a greater threat to the world today than Naziism was in 1937.)
To: GodGunsGuts
Odd reaction, since it was pretty widely believed that the Fed would not hike rates.
9
posted on
12/12/2006 12:32:23 PM PST
by
NeoCaveman
(Kucinich, Vilsak, Obama, Biden, Bayh, Dodd, & Edwards the 7 dwarves to Snow Rodham)
To: GodGunsGuts
So much for a soft landing. A crash may be upon us sooner than Greenspan predicted. But what do I care? I live entirely off of the land and produce everything I need. Wait. No, I don't. I'm entirely dependent on the system. I'm doomed.
10
posted on
12/12/2006 12:33:21 PM PST
by
Asclepius
(protectionists would outsource our dignity and prosperity in return for illusory job security)
To: RobRoy
Rob, what do you mean? What does this mean?
11
posted on
12/12/2006 12:33:40 PM PST
by
Howlin
(40 days to Destin!)
To: GodGunsGuts
The Dollar has to fall much, much farther to stem the amount that the U.S. imports.
Naturally, countries that export to us want a very different outcome.
12
posted on
12/12/2006 12:35:37 PM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: GodGunsGuts
You mean I'll get to pay back my debts with dollars that are worth less.
Cool. I'm up to my eyeballs in debt.
13
posted on
12/12/2006 12:37:02 PM PST
by
NeoCaveman
(Kucinich, Vilsak, Obama, Biden, Bayh, Dodd, & Edwards the 7 dwarves to Snow Rodham)
To: Howlin
14
posted on
12/12/2006 12:41:52 PM PST
by
RobRoy
(Islam is a greater threat to the world today than Naziism was in 1937.)
To: NeoCaveman
You mean I'll get to pay back my debts with dollars that are worth less. That's the case only if your income and assets are in other currencies. Otherwise, no help. Sorry.
15
posted on
12/12/2006 12:42:34 PM PST
by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
To: Toddsterpatriot
Plunge, I do not think that word means what you think it means.Well, I googled 'plunge definition', and at the top of the first page was:
immerse: thrust or throw into; "Immerse yourself in hot water" wordnet.princeton.edu/perl/webwn
I think it's fair to say that the US dollar is afloat in some pretty warm water! ;^)
16
posted on
12/12/2006 12:45:49 PM PST
by
headsonpikes
(Genocide is the highest sacrament of socialism.)
To: RobRoy
Yes we do. Especially when you have the recently former FED chairman running around the world saying the dollar will fall, and that we should all diversify into other currencies. Very interesting times indeed.
To: 2banana
LOL--the dollar has been devastated.
18
posted on
12/12/2006 12:49:20 PM PST
by
1rudeboy
To: GodGunsGuts; RobRoy
Especially when you have the recently former FED chairman running around the world saying the dollar will fall, and that we should all diversify into other currencies.Greenspan also warned stocks were getting ahead of themselves when the Dow was below 7,000. You didn't listen to him then, did you?
19
posted on
12/12/2006 12:50:46 PM PST
by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
To: GodGunsGuts
It's actually kinda wierd. I think it is his response to those that are saying he caused all the problems we are having and are about to have. Yet he seems to be, at the same time, predicting them.
I guess when you have wielded that kind of power it's hard to just get a boat and a fishing pole and butt out of everyone elses business.
20
posted on
12/12/2006 12:51:54 PM PST
by
RobRoy
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