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Old 11-08-2004, 01:02 PM   #1
BlackCrayon
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the dollar is dying fast...

WASHINGTON (AFP) - US President George W. Bush's administration was conspicuously silent even as Europe agonizes over the plummeting dollar, a policy analysts described as "benign neglect."

"Euroland policymakers are sounding the alarm bells," said Merrill Lynch chief North American economist David Rosenberg, as the euro hit a record high 1.2987 dollars in early trading.

The dollar had plunged 36 percent from the high of four years ago, and was dropping "like a stone" since the Bush's re-election, which stoked worries about the US trade and budget deficit, Rosenberg said.
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Old 11-08-2004, 01:04 PM   #2
Manowar
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god damn. i hate the exchange rates right now
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Old 11-08-2004, 01:05 PM   #3
Jonathan Quarkschowski
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and 2 years ago everyone was winging about the weak euro.
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Old 11-08-2004, 01:59 PM   #4
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Posting this info is useless unless you understand economics, which I am sure 99.9% of gfy does not. SO yea, it's useless.
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Old 11-08-2004, 02:00 PM   #5
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shut up.
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Old 11-08-2004, 02:04 PM   #6
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Quote:
Originally posted by BlackCrayon
WASHINGTON (AFP) - US President George W. Bush's administration was conspicuously silent even as Europe agonizes over the plummeting dollar, a policy analysts described as "benign neglect."

"Euroland policymakers are sounding the alarm bells," said Merrill Lynch chief North American economist David Rosenberg, as the euro hit a record high 1.2987 dollars in early trading.

The dollar had plunged 36 percent from the high of four years ago, and was dropping "like a stone" since the Bush's re-election, which stoked worries about the US trade and budget deficit, Rosenberg said.
I knew it. and it will continue i'm afraid.
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Old 11-08-2004, 02:05 PM   #7
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Originally posted by The Heron
Posting this info is useless unless you understand economics, which I am sure 99.9% of gfy does not. SO yea, it's useless.
I only understand i lost 1/3 of my income because of the low dollar.
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Old 11-08-2004, 02:09 PM   #8
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Time for us here in Canada to buy some US$
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Old 11-08-2004, 02:13 PM   #9
pussyluver
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Idea! Buy Gold or shares of gold minning stock. Good luck.
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Old 11-08-2004, 02:16 PM   #10
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Quote:
Originally posted by The Heron
Posting this info is useless unless you understand economics, which I am sure 99.9% of gfy does not. SO yea, it's useless.
What a stupid and conceited statement from somebody who probably has a far smaller grasp of economics than he thinks he does.

For a lot of people all they need to know is that it seriously screws up their income which makes the news very useful to them even if it's far from being good news.
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Old 11-08-2004, 02:23 PM   #11
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Quote:
Originally posted by MAGNET
Time for us here in Canada to buy some US$
I wouldn't suggest that anytime soon.
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Old 11-08-2004, 02:24 PM   #12
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the dollar sucks


see you later america


euro here i come
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Old 11-08-2004, 02:35 PM   #13
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Quote:
Originally posted by Tipsy
What a stupid and conceited statement from somebody who probably has a far smaller grasp of economics than he thinks he does.

For a lot of people all they need to know is that it seriously screws up their income which makes the news very useful to them even if it's far from being good news.
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Old 11-08-2004, 02:41 PM   #14
BuckLover
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My dollars are shrinking!
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Old 11-08-2004, 03:56 PM   #15
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Originally posted by MAGNET
Time for us here in Canada to buy some US$

that would be quite a dumb move.
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Old 11-08-2004, 03:57 PM   #16
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Guess this probably a good time to sell US cars in Europe. Is there anyting else we still manufacture here?
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Old 11-08-2004, 04:04 PM   #17
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The huge majority of consumer electronics in Europe are purchased from the Far East in dollars so it's not all bad if you don't earn your money in dollars too.

It makes for some great bargains for Joe Public if you need a new camera or DVD player.
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