Fuck its down again 1.34cdn......... When I was in Europe about a week ago , in Amsterdam they paid .88Euro for one US, in Hamburg a week later its was only .82 E.
Originally posted by rooster regans polcies worked. Bush's will too. Only it will be a democrat in 5 years taking the credit for it.
his last tax plan was good and was needed, this current one is just voodoo economics(love that term buffet used). there are much better ways to stimulate the economy than giving the wealthy a big tax break.
in a few years this tax plan could do more bad than good. it increased the risk in the us economy. thats being priced into the currency right now.
his last tax plan was good and was needed, this current one is just voodoo economics(love that term buffet used). there are much better ways to stimulate the economy than giving the wealthy a big tax break.
in a few years this tax plan could do more bad than good. it increased the risk in the us economy. thats being priced into the currency right now.
Did somebody say Voodoo Economics? I called the "Doctor" to give it a fix
They were saying on the radio this morning that the Canadian dollar will likely strengthen as much as another 5 cents in the near future. There is only one antidote for it..... whatever you're doing to make money, do more of. Give yourself a raise. At least in this business we have that option.
Originally posted by Soul_Rebel get a us currency bank account
I've had one for 4 years now. Problem for many is, if you are living off your porn/US income, you have to exchange the money into Cdn dollars sometime, in order to pay the bills. That's where we're taking the hit right now.
Canukistani webmasters have taken close to a 15% reduction in pay over the strengthening dollar over the past 4 months or so. Only solution I can see is to launch more sites, promote more, do more, design more, take more pictures, work work work go nuts work work work and get it done.
Originally posted by TheMob? hmm, not if you're making US$.
If you didn't have the basic financial sense to change your money before last month OR save any and can't grasp the concept of using a US dollar account then ok, you are fucked. The exchange rate being the least of your problems.
Originally posted by Soul_Rebel get a us currency bank account
been there done that....its when it comes time to cash it, that's when you get fucked. It used to be 1.60 not that long ago
just checked on line its 134.70 now, But if you're a gold bug, its up
Don't expect it to change anytime soon. The Fed is printing money like mad. More dollars less value.
In the long run their thinking is that it will strengthen the US Economy because it will be easier to sell US Goods with a weaker dollar and hard to sell imported good with a higher Euro, Yen, etc...
Kind of a nasty approach, but if it works it will be good for the US Economy.
Originally posted by ChrisH Don't expect it to change anytime soon. The Fed is printing money like mad. More dollars less value.
In the long run their thinking is that it will strengthen the US Economy because it will be easier to sell US Goods with a weaker dollar and hard to sell imported good with a higher Euro, Yen, etc...
Kind of a nasty approach, but if it works it will be good for the US Economy.
in the long run it will hurt the us economy. its more of a short term thing to combat the sluggish economy and deflation fears.
If you didn't have the basic financial sense to change your money before last month OR save any and can't grasp the concept of using a US dollar account then ok, you are fucked. The exchange rate being the least of your problems.
Go fuck yourself. I have a USD account but I still can't change the fact that I'm _making_ USD.. can I?
WHERE ARE THE SPONSORS PAYING IN EUROS?
WORLD CURRENCY OF THE FUTURE?
Sitting here in Australia it looks even worse:
October 2001 I got: US$1000 ~ AUD1970 (at a rate of 0.507)!!!
This time last year: US$1000 ~ AUD1850 (at a rate of 0.54)
About 1/2 year ago: US$1000 ~ AUD1770 (at a rate of 0.565)
This year (currently): US$1000 ~ AUD1490 (at a rate of 0.67)
So for the same US$ I get roughly 25% less, then my ratios are down by about 50% compared to 2001 = overall my income is less than half of what it used to be in 2001
Originally posted by GeorgeTH WHERE ARE THE SPONSORS PAYING IN EUROS?
WORLD CURRENCY OF THE FUTURE?
Sitting here in Australia it looks even worse:
October 2001 I got: US$1000 ~ AUD1970 (at a rate of 0.507)!!!
This time last year: US$1000 ~ AUD1850 (at a rate of 0.54)
About 1/2 year ago: US$1000 ~ AUD1770 (at a rate of 0.565)
This year (currently): US$1000 ~ AUD1490 (at a rate of 0.67)
So for the same US$ I get roughly 25% less, then my ratios are down by about 50% compared to 2001 = overall my income is less than half of what it used to be in 2001
ok, here?s what analyses say
no links & no pics - take it or leave it ;-)
usd touches the bottom during the next month, goes down to around 0.8 eur
will start recovering slowly starting july and will stabilize at 0.9-0.95 eur at the end of the year
dollar and euro will be worth equally in sept-oct 2004, probably
so the best moment to cut up the agony ;-) and convert your usd savings to euros would be dec 2003 ? jan 2004
or best to keep usd and spend euros only if you have other sources of income
imho usa should haven?t allowed this kind of disaster
a half of century long unlimited trust in american currency went down the toilet in less than a half of a year
Originally posted by Tex Willer
imho usa should haven?t allowed this kind of disaster
a half of century long unlimited trust in american currency went down the toilet in less than a half of a year
*snortles*
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Comparing the dollar's value to those of just the past 4 or 5 years says nothing about the long-term exchange rate of the dollar.
The dollar is where it was against the Euro four years ago, the Swiss Franc 4.5 years ago, and the Franc 7 years ago. Note all those dates were just a few years ago. None were 50 years ago.
The highest value for the dollar (US Dollar Index) from 1970 to the present was in the mid 1980's. We're not even near it and haven't been recently. The lowest value was in the early 1990s.
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