Posted on 11/14/2014 7:14:51 AM PST by Minsc
The U.S. dollar is on a roll. The dollar index, which measures its value versus a basket of other world currencies, is at a four-year high. John Mauldin, best-selling author and chairman of Mauldin Economics says, get used to it. Mauldin believes the dollar is going to keep rising and “get a lot stronger than anyone can imagine.” He says, “We are going to be trading stronger against nearly every currency.“ In other parts of the world, currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend off deflation. Last month, the Bank of Japan boosted its quantitative easing strategy, and the yen fell to a seven-year low against the dollar on the news. The European Central Bank is expected to start its own QE program. More at the link...
(Excerpt) Read more at finance.yahoo.com ...
I sat and watched the CNBC chatter this morning over oil prices. There’s not much doubt that it will go to $69 with “days” (meaning probably between now and the end of the month).
Several factors start to kick in which will hype the business world. Airfares? You could expect a ten-percent drop in ticket prices if we get to that point. Cheaper shipping costs for Walmart and Piggly Wiggly? Absolutely. School bus operations getting a dividend back with cheaper fuel? Yes.
But it also has this effect. The oil sands episode in Canada? It only is lucrative while the barrel price was above $100. At $69 or below....they might as well shut down operations. The US fracking episode? Going full-power and we are importing only thirty percent or less of the fuel needed. No possibility for the next decade that it’ll change.
Europe has been waiting a decade for the dollar to rise back up and make their products cost-effective enough to sell in the US. The magic formula has finally started to occur and some folks here are hoping for more of a rise.
Saying the dollar is getting stronger because Europe is collapsing is like saying a man dying of brain cancer is getting better because everyone else in the room has ebola.
We are Trillions in debt to a Communist dictatorship and that debt is rapidly increasing. The dollar is stage four terminal.
The USD is just the best looking horse in the glue factory right now ... and It’ll look better and better as Europe and Japan fall down... but when they fall and we have no trading partners what will happen then?
I haven’t seen beef prices go lower. Last month I bought a T-bone and it cost me $18.50.
yep......almost all currencies are stable against other currencies ass the dollar rises.
For example the COP was 1785=$1 USD two yrs ago now the COP is 2160 to the USD. But has stayed stable with the EURO.
This doesnt mean all is rosey...we still have huge probs here in the former good ol USofA
“I haven’t seen beef prices go lower. Last month I bought a T-bone and it cost me $18.50.”
That was at a local Costco. We started buying our beef/pork/lamb and fresh seafood at Costco due to two chefs we know. Costco is the only meat shop in two counties selling Prime at a price where you don’t need a second mortgage to buy it. Their Prime cuts for same steaks was $13/# this week.
Anyone can writer for Yahoo, including you, your grandmother and your liberal neighbor’s illegal gardener.
Get started today and earn a fraction of a penny on every 100 views of your sensationalist garbage. The more outlandish and stupid your article,the more fractions of a penny you can earn.
Remember, you don’t need to know nothin’. Logic and grammar not needed. BS encouraged. Write now for Yahoo!!!
http://www.freedomwithwriting.com/freedom/uncategorized/5-ways-to-make-money-on-yahoo-voices/
In extremis a unit of currency is worth what the military backing it can say it is worth.
as long as they’re printing $80b/mon ... the dollar will continue to devalue.
since the dollar isn’t backed by anything, except the good faith of the US govt... an organization that is currently $18 trillion in debt with hundreds of trillions in unfunded liabilities... that ‘good faith’ is faltering
and now we’re seeing moves by various other countries / groups to coin its own money with different backing (gold in some cases).
this will continue to erode the standing of the US dollar unless the debt is dealt with.
you realize oil prices have fallen as the US demand has dropped. the overall global economy is down over the last 5 years (thx 0bama). with the falling demand comes a glut.
there’s also pressure to keep oil in the $70-100 range, regardless of the strength of the dollar.
The price below is Safeway’s prices for this week at local Safeway stores in N California.
Rancher’s Reserve® Beef New York Strip Steak
6.99 lb Club Price
Bone-In. CERTIFIED TENDER VALUE PACK
I got our steaks without the bone at Costco.
The only realization that I and over a hundred million Americans who have cars/truck and buy gasoline are realizing when we buy gas at the pump, is very simple.
We are paying a lot less per gallon and each tank fill up. That raises our disposable incomes, and that is good.
I have an MBA with a lot of worthless BS economic theories. A classic example of how economic theories are twisted to suit the politicians is what Herr Gruber did with his lies presented as Data to get ObozoCare approved by the rats in Congress.
Canada and Russia have reached direct currency swap trade agreements with China. The EU is also making agreements with energy-producing countries, including Russia, for direct payment in euros. South America is extending its MERCOSUR agreements to include trade using regional currencies.
The dollar seems strong now, but other countries are slowly moving away from it. Combine that with huge US government and trade deficits, and it’s easy to foresee a weakening dollar.
Yeah, I never bought that demise of the dollar stuff.
No matter how badly we keep screwing-up the rest of the planet is far, far worse. So we keep getting an A minus on the curve.
Those are great charts. Thanks.
Sarge, had you actually clicked on the link you would have seen that it was a video, not some unknown blogger, and the fellow being interviewed was John Mauldin, not just some unknowledgeable flack.
I have shared this video with my own financial advisor to get his comments on it.
Your commentary would be more substantive if you invested the time necessary to study the content before posting an uninformed comment about it.
FReegards!
Is a bone-in NY Strip a T-bone without the sliver of filet attached?
Our local grocery has local whole muscle cuts available every few months. A whole NY strip goes for $5/lb. Whole rib eyes (w/lip) go for $6/lb. Tenderloin is $6/lb, but being so lean, it is a lot of good meat for the money. It is all wonderfully tender and flavorful. I remember Prime Beef and this is it. We don’t mind doing our own portioning. We stock up at these sales.
Otherwise, 1” strip steaks are $8/lb, 1” rib eyes (w/lip) are $9/lb and T-bones are $11/lb. Porterhouse are $13/lb.
No Costco within 100 miles, so I can’t speak for their offerings.
Exactly.
Apparently printing trillions of fake dollars makes the currency “stronger” - interesting concept.
Hope they’ll be shipping printers to all citizens soon.
Bookmark for the charts.
Thanks.
Seriously? The US dollar will start birthing Skittles any day now!
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