Dollar Hits Record Low Against Euro After Fed Cut

"Reuters" via CNBC ^ | 09/18/07 | "Reuters"

[Uncle Miltie]

Congratulations, Ben!

[Hydroshock]

Inflation here we come.

[1rudeboy]

Way to stick it to the Chinese!

[BlabItGrabIt]

Ditto for Chairman Bernanke!

[MittFan08]

When are online banks like Emigrant Direct and ING Direct going to lower their savings and CD rates? I just checked and their rates are the same as before.

[NeoCaveman]

Uncle Ben you magnificent bastard!

[BlabItGrabIt]

Let’s prove your claims to be true by knocking those basis-points down 3.5%. Then, let those “I told you so’s” fly at we Americans.

[UCFRoadWarrior]

I bet all the CFR Globalists are all happy now

[ari-freedom]

yes instead let’s have a higher rate and a weak economy.

[Petronski]

Uncle Ben you magnificent bastard! I ate your rice!

Whoops.   Wrong Uncle Ben.

[Petronski]

I bet all the Blame America First Goldbuggering Nutbags are sad now.

[Uncle Miltie]

Hate that "weak" economy. 4% YOY is "weak?"

[Hydroshock]

And to retirees, the middle class, and all those Americans still saving

[RockinRight]

So? At least now we stand a chance at earning some dollars. Anything’s better than zero.

[1rudeboy]

interest rates rise = bad
interest rates fall = bad

Buy gold!

[RightWhale]

against the Canadian dollar to trade at 1.0164

That's harsh.

[vietvet67]

[Uncle Miltie]

"Buy gold!"

I'm interested in earning assets, not inflation hedges. As an investor, I prefer hard money, low inflation and economic growth based on those presumtions.

Loose money and it's attendant inflationary expectations can destroy virtually any of my U.S. dollar denominated cash flows.

Buy the MSEAFE index.

[BlabItGrabIt]

I bet all the Blame America First Goldbuggering Nutbags are sad now.

I know. Ka-ching!!! ka-ching!!!! is so anti-American-- delete sarcasm

[Hydroshock]

Actually I think a small rise would be good.