Skip to comments.
Dollar on the verge of breaking through $1.50 versus Euro
10-21-09
Posted on 10/21/2009 7:44:25 AM PDT by dennisw
http://www.usagold.com/live.html
TOPICS: Business/Economy; Your Opinion/Questions
KEYWORDS: 0bamasfault; everybodypanic; obamasfault; thecomingdepression
Navigation: use the links below to view more comments.
first 1-20, 21-26 next last
Very bad news in my book...
1
posted on
10/21/2009 7:44:25 AM PDT
by
dennisw
To: dennisw
2
posted on
10/21/2009 7:45:57 AM PDT
by
cripplecreek
(Seniors, the new shovel ready project under socialized medicine.)
To: dennisw
Looks like a top to me. Maybe time to short the euro.
3
posted on
10/21/2009 7:46:12 AM PDT
by
mick
(Central Banker Capitalism is NOT Free Enterprise)
To: dennisw
http://www.usagold.com/live.html
Just broke $1.50....AU naturally and dittos for crude
This is why your gasoline is going up
The 0bama policy is to gradually devalue the US Dollar’s value
A gradual decline
Nothing precipitous that will upset the markets
4
posted on
10/21/2009 7:47:25 AM PDT
by
dennisw
(It's not called the Wheel. It's called the Carousel)
To: dennisw
We’re breaking through! Woo-Hoo!
Oh.
Wait.
5
posted on
10/21/2009 7:48:53 AM PDT
by
BenLurkin
(Brave amateurs....they do their part.)
To: dennisw
Yes and no...bad if you buy foreign products but good for business in the USA. Over seas "customers" will buy more product from a country with a weaker currency. More people will travel here, spend here, etc. last time the Euro was 1.46 and the Pound was over $2 our economy seemed pretty darn good. I know there is more to it, but it's not all bad.. YET
To: dennisw
The Øbama administration is thrilled at the new crisis they can not let go to waste.
7
posted on
10/21/2009 7:49:25 AM PDT
by
TLI
( ITINERIS IMPENDEO VALHALLA)
To: dennisw
He is continuing the Bush policy of a weak dollar.
There are some upsides to a weak dollar though and that it makes labor cheaper in the US so more jobs can be here. But the problem is he’s taxing business so much that he’s making the weaker dollar have no upside whatsoever.
8
posted on
10/21/2009 7:54:23 AM PDT
by
for-q-clinton
(If at first you don't succeed keep on sucking until you do succeed)
To: dennisw
Wasn’t it already at 1.58 or so a year ago?
To: mikelets456
Of course there aren’t as many products being made here and no real incentive to here anymore...LOL :\
10
posted on
10/21/2009 7:55:24 AM PDT
by
MNlurker
To: MNlurker
I’m waiting to hear that unions want to be paid in Euros now, instead of dollars.
Hell they ask for everything else anymore...
11
posted on
10/21/2009 8:01:16 AM PDT
by
Abathar
(Proudly posting without reading the article carefully since 2004)
To: VeniVidiVici
All-time high for the Euro was $1.60, on April 22, 2008.
To: Abathar
Im waiting to hear that unions want to be paid in Euros now, instead of dollars. That'll only work for government employee unions.
All the private business that are unionized are being shredded by competitors.
To: VeniVidiVici
Wasnt it already at 1.58 or so a year ago?......
Roughly 15 months ago the USD hit its low at $1.64/EUro
Same time as crude oil peaked and blew off
Then USD got stronger and stronger and got as high as $1.24/Euro last winter and spring
14
posted on
10/21/2009 8:06:13 AM PDT
by
dennisw
(It's not called the Wheel. It's called the Carousel)
To: dennisw
I hate the fact it costs more for us when we go on vacation in Europe etc.
At the same time, a weaker dollar can have some good sides.
That said, a weaker dollar just makes you feel like the country overall is weaker, and I don’t like that.
15
posted on
10/21/2009 8:13:32 AM PDT
by
rwfromkansas
("Carve your name on hearts, not marble." - C.H. Spurgeon)
To: rwfromkansas
Not like we go to Europe....lol
16
posted on
10/21/2009 8:13:58 AM PDT
by
rwfromkansas
("Carve your name on hearts, not marble." - C.H. Spurgeon)
To: mikelets456
Yes - I'm hopeful that this can generate a sale on the (now deceased) parents' home....I hate being Trustee and the family squabbles involved. Get the damned place sold and close the books!
Bring on a Canadian (they love to snowbird in our desert)!
17
posted on
10/21/2009 8:16:17 AM PDT
by
ErnBatavia
(Mmm mmm mmm - Barack Hussein Obama (repeat endlessly))
To: rwfromkansas
The 0bama policy is to gradually devalue the US Dollar. They will never intervene on behalf of it
18
posted on
10/21/2009 8:18:41 AM PDT
by
dennisw
(It's not called the Wheel. It's called the Carousel)
To: mikelets456
>> Over seas “customers” will buy more product from a country with a weaker currency.
Hooray for us!
Except we don’t really make much product anymore, do we?
Oh well! Nevermind! We will now be more competitive overseas for our services, right? Like our lawyers, our government clerks, our home health care workers, our fast food monkeys, our pole dancers, our teevee stars, our athletes... all the great “industries” upon which our vibrant economy is based!
Hooray for us!
19
posted on
10/21/2009 8:20:20 AM PDT
by
Nervous Tick
(Stop dissing drunken sailors! At least they spend their OWN money.)
To: Nervous Tick
True....only so many burgers we can flip.
All I am saying, is we sell to the Chemical and pharmaceutical industries and when the dollar was weak these companies started selling and expanding their plants.
Navigation: use the links below to view more comments.
first 1-20, 21-26 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson