[Always Right]

And yes, you are clueless so far as this goes. I hope you don't have any actual money riding on it..

If I had money riding on it, I would have been rich by now. When everyone was down on the Dollar and Soros and BUffett were heavily betting against the dollar, this is what I said (BTW, the Euro has fallen from $1.35 to $1.20 since):

When rich guys' superstitions pose a public threat(Gates & Buffett talk down the dollar at Davos)

Soros of course is singing the same toon. However, the US leads Europe in productivity, economic growth, lower tax burden, and most other economic indicators, and Europe is also burdened with worse aging population then we have. There is no way in heck I would be betting on the Euro longterm over the dollar.
 

4 posted on 02/22/2005 4:24:14 PM EST by Always Right

 

Warren Buffett sees no way but down for US dollar

I believe Warren is dead wrong here. The US still has the strongest economy by far in the entire world and the best currency. What is gonna beat it out, the Euro? I think not. The US economy will grow its way out of debt like it did after Reagan. We have always had trade deficits and the dollar always remained strong.
 

3 posted on 01/19/2005 8:54:56 PM EST by Always Right

  I am doing just fine in other areas, but I would have made a killing betting on the dollar. My money is tied up in business or I would have.

Soros of course is singing the same toon. However, the US leads Europe in productivity, economic growth, lower tax burden, and most other economic indicators, and Europe is also burdened with worse aging population then we have. There is no way in heck I would be betting on the Euro longterm over the dollar.
 

I believe Warren is dead wrong here. The US still has the strongest economy by far in the entire world and the best currency. What is gonna beat it out, the Euro? I think not. The US economy will grow its way out of debt like it did after Reagan. We have always had trade deficits and the dollar always remained strong.
 

[AntiGuv]

Big deal. If you wanna go back through FR posts (have fun! I'm not doing it) you will find that I switched my investment heavily into euro denominated assets back in late 2002 and early 2003, watched the dollar lose a third of its value, and started gradually switching out this past winter saying that the dollar was due for a correction by this spring.