i do believe he's been trying to make it fall for some time now
Posted on 04/18/2008 9:19:58 PM PDT by bruinbirdman
“Only one fellow in ten thousand understands the currency question, and we meet him every day.” - Kin Hubbard, quoted in ECONOMICS by Paul A. Samuelson
So true! If 6 of these a sholes read Samuelson, they would at least be smarter than Barak.
HELLOOOO!
ECON 101?
Anybody.. anybody..
Buehler...?
Maybe someone is getting hip to Soro’s monkey games?
The way I see it, without the dollar's weakness against foreign currencies, our exports would not be booming as they are. The stock market gains this month indicate that the market approves, however, the market does not approve of any further drops, or should I say more properly that their currencies are elevated because of a propped up Euro. Japan has intervened in theirs, and it's getting in line, and the Brits adjusted theirs, so now it's up to the other to follow suit, and certainly up to China to release their float completely.
All this would not have happened if not for China to begin with.
When this all clears up, the libor spread will ease, and the feared major resets will not occur in mortgages.
I see this as a currency war that has been going on for more than 7 years. We have come to the final battles and it looks like the U.S Fed is winning, but at a cost. After giving that cost a lot of thought, I figure the cost of stagflation would have been much higher and lasted years. As it is now, we will have a mild slowdown for a couple quarters and some re-valued securities with their various offshoots and that lost value will return in 12-24 months as all the fears calm and people realize that it was over done.
Soros has made a huge profit during this cycle of fear, and we can expect a good part of it to be spent against McCain.
Ha, ha, it's only to get worse.
Bernanke's hari-kari policy better have a silver cloud.
It is a curious episode. Europeans can unload their Euros and buy US property, businesses, and take vast vacations that they never dreamed about. The amount of European products coming into the US now? It is apparently decreasing because no one can seriously afford to overpay for a product. I’m one of those Americans working for DOD in Europe...where I’m paid in dollars and there is almost no real cola given by the company...so this is almost turning into charity work for me.
I doubt that the rate can stay like this...with most European analysts predicting that the new president in January...will likely trigger a reverse trend...no matter who it is. You will likely see a huge buying spree by the Europeans by the end of summer....buying into houses and property across the US.
It's a built in tariff that makes European imports very expensive. and increases the number of Europeans vacationing in America.
ping for saturday reading
We just have to sell to those who are likely to sell it straight back to us when the dollar rebounds at their expense.
Can you move to a pension and learn to live on sandwiches until Bernanke re-bounds the dollar?
Shouldn't that be, "franc?"
Oh cry me a river you Europansies!
Their real gripe is that we are paying less on our deficit but still getting the same value.
After WWI,Germany was required to pay billions of Marks to the Allies in war reparations.When the Mark fell and thousands of them were equal to a few dollars,the overprinted Mark easilly payed off the outrageous debt though the Allies recieved little more than decorative paper.
Washington DC has put America so far in debt a real dollar could never pay for it without wrecking our economy.A de-valued dollar,on the other hand,may be our only hope to pay off the global liabilities that may cripple us in the long run.
Once the debt is paid or lessened suficiently,we can issue the “new” dollar and start over.
Right now,a short recession or perhaps even a depression,may be a somewhat unpleasant plus if we wish to preserve America for our children.Our plight will be harsh,but the plight of the nations we owe money to will be worse but at least we will be done with our debts to them.
It goes without saying that if Washington DC politicians had had the interests of America in mind instead of egomaniacal self-interests this bitter pill would not be necessary.
One of the biggest problems is all the currencies, pegged to the greenback, that are undervalued. That is: ChiCom yawn, Saudi (Middle East) currency and any others that are state controlled and do not float. These guys are hording undervalued currency and can't spend it fast enough.
yitbos
Not to mention the jobs that are being created here in the US as euro companies rush to take advantage of the exchange rate to build factories here and build business.
My anecdotal evidence is that I know of FOUR different German businesses being created in the States in the next year.
I know of NO ONE that has lost a home to foreclosure.
And, no, business is not my business :-)
Would u be terrible bothered if I asked u to move my deck chair on the Titanic to the high side of the boat?
Fiat money has to have a down side for someone!....Its the nature of the beast
Soros probably made a fortune as the dollar fell and is now poised to make another when it rises.
i do believe he's been trying to make it fall for some time now
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