looks kinda steady to me
Posted on 09/28/2007 7:52:10 AM PDT by NaturalGorilla
A decade-long trend of peso depreciation against the U.S. dollar has come to a halt...Now, some analysts are forecasting that in the fourth quarter of 2007 the peso will break out of the trading range and gain on the dollar. The consensus forecast is that the dollar will buy only 11.081 pesos, down from third quarter's 11.091...
(Excerpt) Read more at economicsbriefing.com ...
I guess one upside is that it reduces the economic incentive for Mexicans to come here illegally.
And since there is NOTHING supporting the dollar, other than trust in the US government (choke, gasp) -— no gold, silver, no nothing —— it is hard to find a currency that is not strengthening against the dollar.
With our great leaders in Washington doing everything they can to destroy trust in the government, no wonder the dollar continues to weaken.
Why would this be a surprise when the President keeps trying to do his best to put us on an equal footing with Mexico and turn the US into another third world nation?
so we sink further toward the 3rd world. nice.
Wow! A 0.1% rise in the value of the peso! I guess you could make some
serious money off this move using leverage of 10000:1.
MV
Um...nothing supports the Euro either. So? Or the Peso AFAIK.
I suppose the Goldbugs will say the Peso is backed by Mexican jumping beans or something.
The Business-Socialist crowd has no loyalty towards America. Our globalist policies are killing America. When the peso gains on the dollar...we are in trouble
Do you want to bet some pesos that it won’t stop at a 0.1% rise?
As I’ve said a million times, Ben Bernake wants to be the new Arthur Berns. Break out the polyester and WIN buttons folks!
Mexico has its own currency? I had no idea.
It means about as much as Ron Paul gaining on Fred Thompson.
IOW...nothing.
THis dollar drop will change the balance of trade in our favor. The budget deficit will dwindle and long term debt will be wiped out. Lower dollars = more exports.
You can say that about any hard currency.
There is nothing supporting any other countries currency either so what’s your point?
When it gets to 1:1, Mexicans will still come here for all the freebies. Sen. Oren Hatch (R-UT) just voted with the Dems for more illegals to get “free” health care for their anchor babies as well as their pregnant wives and/or girlfriends by voting with Harry Reid for the SCHIPS bill. He needs to be replaced in the primary next year for this foolishness.
That’s what the report said, since 2004 it has been in a trading range and analysts expect it to breakout of the trading range in the 4th quarter with the peso climbing.
Now don’t try to inject some reality and logic into the thread...it upsets the tinfoilers and the vultures.
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