my guess is as good as yours. However, if OPEC starts using EUROS as the main benchmark currency for petrol.... watch out! This may be the beginning of a new era.

i cry every time I goto the bank now

Shit Quiet! That's a lump to dump on exchange rates!!

I dunno, but I can't see the $ getting anywhere for a long time (ie.. a year or so). There are loads of factors, but I can see not a lot of action to help the US bring this up (even if the Treasury wanted to!).

We got stuff like the lowest foreign investment in years on Wall Street - that little bit was $50billion/month but has dropped in the last few months to $4billion. The list is kinda endless...

Frankly.. I smell this is "dangerous" and it not going to go away soon. It may be something to consider in keeping *some* $$'s in a dollar account and waiting - but that's a gamble! :winkwink:

reynold:

Splutter!! :) Na.. I don't think even OPEC would want to cause that trauma!

Most forecasts of that possibility turns a few countries on their heads economically - like the US is "gains a ranking of the current status of Argentina". Who knows, but I don't see OPEC doing this - at least not in one hit.

At least there is one advantage...if you invest in something now, it's 20% cheaper.

not really. if i'm making US$ and i purchase in US$, it doesn't make a difference how much the US$ is worth in CDN funds.

but if i'm making US$ and i'm spending it in Canada, I'm losing a shitload.

$10K US is worth less than $13K CDN now. A year ago, it was worth over $16K.

Hopefully after this winter quarter.

Yes, if you are looking at it short-term. I was thinking more about the money you made in the past years - it's a good time to reinvest.

Wrong, I don't forget anything.
Your idea would only be true if our debt was owed to europe. its not.
Also, the debt is transacted in dollars making its worth irrelevant. Of course, if we're paying our debt in deflated valued currency, then we're BETTER off, not worse.

get it or do you need a deeper explaination?

now here is a perfect example of a poor public school education.

Calling the successful Reagan plan of bailing us out of Carter's recession "the reagan fiasco" is typical of the uneducated/miseducated

fiddy dollaz

The US is way over do for inflation. We have fought off any real inflation fro 20 years and the cycle is turning. Add in GW's spending and everyone can see the writing on the wall. OPEC is a risk and people want to be compensated for it.

So it will take some serious interest rate hikes to reverse this.

Yeah, with the Dow and the Nikkei on such a steady decline intrest rates will not go up any time soon. I thought wars were supposed to be good for the economy!

I haven't read this thread - but the wisest thing to do has always been to get a feel for what most people think - and then do the opposite.

If people are pessimistic, be optimistic, etc.

Use it, don't lose it, see sig :2 cents:

DavidD, thanks a lot mate thats a kickass document thats just what I was after but couldn't find it.

Looks like US to Aussie at 1.28 or maybe 1.30 would be a good time to change. its currently 1.35. If the US is at one of its lowest points and the Aussie is at its record high, can't really go wrong :)

Thanks again mate

Cheers

Matt

whoah, an informed opinion on gfy .. fucked up

:thumbsup

the day george w gets out of office :1orglaugh

and then back to the usual:

this just shows you aren't paying attention.

if you want to learn how to get a bad reputation for your company or how to spout delusional rhetoric 12clicks is your man, but if you want intelligent economics commentary i'd suggest you look elsewhere.

your momma is gay

oh no! more slings and arrows from nobodies. however will my business survive.
:1orglaugh

if only I had *this* empire:
http://www.eatapeach.net/
:1orglaugh :1orglaugh

Just as important, the dollar downdraft is already having a salutary effect on profits -- and the stock market -- by raising the overseas earnings of Corporate America.

It's certainly good news for much of Corporate America, especially multinational companies. About a quarter of the sales of companies in the Standard & Poor's 500-stock index come from their foreign units, estimates Merrill Lynch & Co. The biggest reason for the immediate profit gains that many are starting to see isn't rising exports or better protection from cheap imports but simply from translating foreign earnings from more valuable foreign currencies into dollars.

i dunno about 12clicks otherwise, but that really is economics 101

25%!

yes that's it. at least once something smart out of your mouth. :thumbsup

so much of what i read on this board is ignorant reguritated extreme left wing bullshit

nobody has ever called me a thief.

i can live with that.

fucking thief

just keep spending us dollars.

Nobody has ever called you successful either.
hope you can live with that.

It all makes sense now.

yes, i know i'd just beam with pride if i could just be a successful thief.

maybe you can start a new "questions for 12clicks" thread so i can get a heads up?

I called him successful several times, but i never meant it.. ;-))

Actually peach is one of the hardest working webmasters i know. :)

Even if he fucks trannies nightly. Maybe you and him can get together and share in your mutual tranny love. :))

Hard working oftentimes means limited intelligence.
I'm betting that here.
If this nobody thinks I'm a thief, he/she either has a skeleton in his/her closet or has friends who are thieves.

whichever, it doesn't matter what nobodies think today any more than it did 5 years ago.
There are very few people on the entire net who have paid webmasters more than I have.
:2 cents: :2 cents: :2 cents:

ya what else is new?

unfortunately the import/export imbalance is widening!. Sorry but you'll need a bit more than economics 101 to understand this.

A lot of the problem with the US deficit is outside the united states control.. God forbid you might actually need the european and japanese economies to improve so they start purchasing US goods.

http://www.wibx950.com/photo/talk-rush.jpg

:1orglaugh