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Plunging dollar will set world markets reeling
Guardian Ulimited ^
| December 3, 2006
| Heather Stewart
Posted on 12/04/2006 8:24:00 AM PST by GodGunsGuts
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To: GodGunsGuts
What do they expect? The Demoncrats are back in power. People aren't stupid, they know everything is going to go up. Taxes, Cost of living and all the social programs the one world left wants to create.
2
posted on
12/04/2006 8:26:54 AM PST
by
BMC1
(11/7/06 THE DAY WE LOST THE WAR. TERRORISTS AND THE TERRORIST LOVING DEMONCRATS ARE NOW IN CONTROL.)
To: GodGunsGuts
Maybe Airbus will have to file for bankruptcy!
To: GodGunsGuts
I didn't realize we were so bad off..I better put off buying anything till they tell me it's OK /sarcasm
Self fulfilling prophesy
To: GodGunsGuts
It'll help our trade deficit. Economics runs in cycles. The sky is not falling.
5
posted on
12/04/2006 8:27:26 AM PST
by
RockinRight
(There's nothing in the middle of the road but yellow stripes and dead armadillos.)
To: GodGunsGuts
"The slowdown in the US economy, which has sent the dollar into freefall..."
That's ridiculous. These Europeans don't understand basic economics. If anything, the US slowdown will cause the dollar to rise, not fall. What's causing the dollar to fall is the trillions of dollars that have flowed out of the US due to high oil prices.
6
posted on
12/04/2006 8:30:56 AM PST
by
Brilliant
To: GodGunsGuts
Typically anti-American, amateurish financial reportage from the Gruniad.
7
posted on
12/04/2006 8:31:07 AM PST
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: GodGunsGuts
Most US multinational companies show a better bottom line when the dollar is down.
8
posted on
12/04/2006 8:31:16 AM PST
by
DaveMSmith
("Heaven is the only basis for our continued existence".)
To: GodGunsGuts
So....what do they care? We're just war mongers anyway....
9
posted on
12/04/2006 8:32:15 AM PST
by
goodnesswins
(I think the real problem is islamo-bombia! (Rummyfan))
To: GodGunsGuts
Good rule of thumb: if the Guardian is simultaneously hysterical and hopeful about something then nothing remotely unusual is going on.
To: GodGunsGuts
This is what I have never understood about the Euroweenie perspective: they wail against the power of America, yet seem to have no clue that our economic power is the engine that drives the entire global economy, including their economies.
IOW, all the while they are itching to drop us down a notch or two, they have no clue that we can absorb quite a few shocks to our economy, but if our little ole dollar even drops a bit, they are in deep, deep trouble.
11
posted on
12/04/2006 8:40:49 AM PST
by
wouldntbprudent
(If you can: Contribute more (babies) to the next generation of God-fearing American Patriots!)
To: GodGunsGuts
However, this also means that US goods are cheaper in foreign markets.
12
posted on
12/04/2006 8:42:15 AM PST
by
The Great RJ
("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
To: GodGunsGuts
13
posted on
12/04/2006 8:46:39 AM PST
by
madison10
(There is no trial without God's blessing.)
To: madison10
WE'RE DOOMED AND WE'RE ALL GOING TO DIE!And it's all Pelosi's fault!
14
posted on
12/04/2006 8:50:20 AM PST
by
NaughtiusMaximus
(Our troops are smart. It's our politicians who are stupid.)
To: BMC1
No-one wants to face the truth as to why the US Dollar is falling in value -
Over production of printed money, debt, the incoming Democrat controlled congress... what else can we add.... oh, still out of control government spending (just print more money - hey!).
15
posted on
12/04/2006 8:56:52 AM PST
by
TheBattman
(I've got TWO QUESTIONS for you....)
To: Brilliant
I like your view better than that of the article.
Carolyn
16
posted on
12/04/2006 8:58:22 AM PST
by
CDHart
("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
To: BMC1
Fortnight? Freefall? Sounds like talk from the back row during freshman physics.
17
posted on
12/04/2006 9:00:39 AM PST
by
RightWhale
(RTRA DLQS GSCW)
To: DaveMSmith
Exports cheap, imports expensive?
18
posted on
12/04/2006 9:08:07 AM PST
by
Mi-kha-el
((There is no Pravda in Izvestiya and no Izvestiya in Pravda.))
To: GodGunsGuts
"Eurozone finance ministers have expressed alarm at the strength of the euro against the dollar, fearing that their exporters will suffer;"
THIS is what they are concerned about.
19
posted on
12/04/2006 9:10:11 AM PST
by
poobear
(Political Left, continually accusing their foes of what THEY themselves do every day.)
To: GodGunsGuts
Chuckie Schumer will get what he wants but not the way he thought. A nice fig leaf so he doesn't have to re-introduce a 28% Chinese import tariff bill that will be vetoed by Bush anyway.
As I have been saying for months now, the Fed had better get its act together and drop rates now (not next spring) if it wants to avoid an economic collapse.
We can no longer afford a high dollar. Just let the dollar go and laugh at the Chicoms when their $1 trillion kitty is decimated.
BUMP
20
posted on
12/04/2006 9:11:53 AM PST
by
capitalist229
(Get Democrats out of our pockets and Republicans out of our bedrooms.)
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