Dollar starts the big slide against major currencies

Times Online ^ | 5/1/6 | David Smith

[HamiltonJay]

Well I hope you enjoyed all those cheap chinese goods and driving domestic manufacturing into the dumper... now, not only will ya be stuck with foreign made crap, but you'll pay a nice premium for the privalege as well....

[ClearCase_guy]

MSM gleefully reports: Dollar starts The Big Slide! Woo-Hoo!

[the invisib1e hand]

you've heard it said, "buy the rumor, sell the news...". This is why. The dollar bounced for the first time in almost three weeks today.

[rhombus]

So what? Where should we invest next?

[Brilliant]

Two big points here: 1) when you import the vast quantity of oil we import, you're going to have this problem. 2) when you provide the world economic leadership, you are going to have this problem.

[OpusatFR]

Where?

Euro is 1.263.

[dead]

The dollar has embarked on a big decline

If it just “embarked” on a decline, how do they know how “big” the decline will be?

Weird. It’s almost as if they just made it up.

[Plutarch]

The dollar has embarked on a big decline that will see it fall against all leading currencies, according to analysts.

These analysts know better than the currency markets, and can predict the future, yet somehow still must be making a living as analysts.

[the invisib1e hand]

eu printed 12731 this morning. as small as it is, this is the biggest bounce I've seen since the breakdown.

[kittymyrib]

Soros and Buffet have been betting against the dollar for two years. They may finally make some money from their anti-Americanism.

[dead]

Well I hope you enjoyed all those cheap chinese goods and driving domestic manufacturing into the dumper... now, not only will ya be stuck with foreign made crap, but you'll pay a nice premium for the privalege as well....

That doesn’t even make any sense.

If foreign crap becomes too expensive, domestic manufacturing will flourish. We won’t be “stuck” with anything.

The market fixes such price problems. Not Pat Buchanan.

[OpusatFR]

I've heard some putting the floor in on US 85 and then a bounce to 100 but I don't see that happening. IMHO

At any rate, I'm trading as if it won't, today... (-;

[MNJohnnie]

Amazing how the same economic isolationists who whine continually about the "Trade Deficit" then turn around and whine about the "Weak Dollar". A weak dollar makes imports expensive and exports cheap. It is a GOOD thing.

[HamiltonJay]

Soros perhaps... Buffet plays what he sees... he bet against the dollar and lost before... but he knows fundamentals like no ones business.... I'd not discount Buffet so readily.

[OldCorps]

bump

[Fury]

These analysts know better than the currency markets, and can predict the future, yet somehow still must be making a living as analysts.

I think it's sort of a hobby for them...

[HamiltonJay]

Its only a good thing, if you have a few things, that don't exist:

1) Non protectionist markets at the other end of that "free trade" which we don't...

2) Domestic Production to be exported... which in many segments we no longer have.

3) Free trading currencies on the other side, which in reference to China we don't.

etc... etc.. etc...

[A message]

Seems to me the last time I was in Europe the Euro was 1.28- 1.31 to the dollar in February 2005.

Here it is 1.26 14 months later but the experts are sure the sky is still falling.

This is a great time to be in exports.

[The Great RJ]

Of course this will make US goods far cheaper abroad. Perhaps the French can enjoy some nice California wines and the Japanese enjoys some US beef.

However, why is the dollar slipping when the US economy is very strong? Are George Sorros and other speculators driving this?