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To: DeaconBenjamin

The only thing that does not make sense is the “weak dollar” comment. Weak compared to what currency? Not Euro, pound, yen or yuan, at least since the Eurocrash.


2 posted on 06/15/2012 5:39:39 PM PDT by jdsteel (Give me freedom, not more government.)
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To: jdsteel

The Loonie.


3 posted on 06/15/2012 5:40:50 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: jdsteel
Weak compared to what currency? Not ... yen.

You better look again.

4 posted on 06/15/2012 5:46:49 PM PDT by Doe Eyes
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To: jdsteel
Weak compared to what currency?

Well, the Canadian Dollar (colloquially, "Loonie") for starters.
6 posted on 06/15/2012 6:12:11 PM PDT by Dr. Sivana ("You forget, it isn't who you claim, but instead, who claims you. We don't claim you!")
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To: jdsteel
Not Euro, pound, yen or yuan, at least since the Eurocrash.

It only takes 78 yen to buy one dollar, which makes the yen quite strong. Indeed, the Bank of Japan spent years and much money intervening in the markets to keep it above 100 yen.

Speaking of which, there's been recent talk of more intervention (and possibly innovative means for the intervention rather than the very successful pile-driver approach that has been used in the past) to drive the yen down:


13 posted on 06/16/2012 8:06:04 AM PDT by snowsislander (Please, America, no more dog-eating Kenyan cokeheads in the Oval Office.)
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To: jdsteel

Maybe, as money flees Europe to the “safety” of the USD. That will only be temporary as the US collapses under the weight of it`s own debt and then the ones who bought USD will regret their move.

Real Estate in the USA in some places has dropped by 60%.

That`s nothing. There are still 7 Million outstanding foreclosures to come.

I would wait another year or so before buying real estate when foreclosures resume and it gets worse for the USA.

THEN I`ll buy a nice place somewhere in Arizona/Nevada for pennies on the USD :-)


15 posted on 06/16/2012 8:44:15 AM PDT by Para-Ord.45
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