doesn't it have everything to do with the housing market?

Greenspan and former/current Fed officials should be shot on spot, and we should end their monopoly over US currency.

Clinton-era levels or close to it. US financial markets are still the most developed in the world. That's indisputable. However, this advantage may not last long as global finance markets continue to consolidate. Regardless, when the US economy snaps out of its current financial crisis, I see it improving. However, there's a limit to this.... there's still the impending crisis of SOCIAL SECURITY and other mammoth government entitlement programs that have to be dealt with as the Baby Boomers retire later in this decade and the following years.

It's called Fedspeak - the same "words" you hear from a banker who has no desire to upset the company he just loaned $100 mill to last week. It's for the ears of the shareholders to keep them from panicking and to create confidence - kinda like the Iraqi Information Minister :winkwink:

greenspan and actually even clinton administration were partly to blame for this overheating of the us economy. the interest rates were just kept too low too long and many peeps took out money out of their homes or made huge profits on the housing boom, which again was spent on import goods (cars and electronics etc..). greenspan tried to do the impossible, to keep the bubble just short of bursting..

I can only imagine that those that are happy about the dollar falling are not making a lot of money in this industry. A weak dollar is bad news for everyone overseas on this forum.

Here's the thing: If China dumps 1.4trillion USD, the currency is going to take a fucking HUGE hit. That's the summary. Yes, if you live in the USD, 1$ == 1$, but when imports start costing more and inflation sets in, the $1 from 2007 will not each $1 in 2009 :)

Can't see *anyone* being exactly happy about it PK - it's yet another pain in the butt for everyone, - don't matter where they are man.

The sooner net transactions are presented in local currencies and at a rate which take current under/over values into account the better. A few people have been doing this already (including us) and it sure cushions the effects of more extreme changes.

Can you imagine any other multi-national tolerating global signups in a depreciating currency? Nope - they already have their regional websites and "cash registers" pre-coded to allow for local currency and other factors.
It may be the US at the moment, but there is always more to gain in currency transacting even if there are minor changes - and the whole industry will gain more stability in revenue, and, most likely, better revenues. At the moment transactions in adult are about as sophisticated as a street-market trader.

On the upside, US exports will cost less. Also, if China dumps the USD then unpegging the Yuan from the USD probably won't be too far behind. This will result in the Yuan appreciating faster and US export goods, again, becoming cheaper.

Doubt China would "dump" as such - they have good biz sense and there are other ways of "dumping" without causing so much damage.

Who knows, but also doubt they are thinking short-term either - there is nothing so far to think China is planning short-term. They are still laying down the infrastructure to enhance their exports globally and investing heavily in this - everything from the Panama Canal to "gifts" to other nations to construct/speedup construction of roads from dock areas (for their product of course :winkwink:)

The economic thing is prob more along the lines of just gradually balancing their currency reserves - makes sense, tho there could be fractional hits on the dollar despite that.

50... .. . "The hardest thing in the world to understand is the income tax."

Hehe - And the hardest positive decision in anyone's life is placing themselves in a position where income tax is legally dumped :winkwink::thumbsup

yes, they are most devolped, but at the end noone want to take their most advanced products now and there are still frozen markets for all these "LEVEL 3 Assets"

ah fuckit, i am not even so much in the mood to read this thread completely...

right now dollar seems to go down and down with no light at the end of the tunnel....

There's a light........

It's an incoming train called SOCIAL SECURITY. :helpme

The social security shortfall is nothing compared to the medicare shortfall.

The social security shortfall is 10 trillion, the medicare unfunded liability is projected at 62 trillion

The only way we're going to be able to fix that is to reform our health care system totally, from soup to nuts.
Hopefully the next president will be able to do that.

OUCH!!! Would socialization of the health industry fix the looming Medicare fiscal disaster by lowering costs? Or would it be merely shifting the costs to somewhere else?

that would be exports:2 cents:

Saying it is one thing ... Backing up or explaining is another ...

At this moment, the trade balance is a deficit situation for the USA ...In other words, it imports more ( in $$$ ) that it exports ( in $$$).

A lower dollar will help the US exports ( by being cheaper ), but the imports will be more expensive ( your dollar buying less ).
The only way your blanket statment can be true is if the USA start producing manufacturing goods instead of importing them ... I don't see that in a near future.

Sucky... sucky

I was under the impression that you were american .....

http://www.1st-events.co.uk/images/m...d-logo-big.gif

Did the tax cuts Bush pushed through earlier in his term help matters?

I agree that will help, but not be a solution. Most sales are made in the US and as long as that stays, everyone overseas is taking a paycut.

Believe me - it is more than just a help and does not depend on the number of sales, more the bottom line revenue from sales and related more to what these sales are worth.



PS Leave me out of "everyone overseas is taking a paycut" - sure is not the case here :winkwink: But does depend on organizing stuff better as to what paycut there may be for most international webmasters.

I don't know. You have made thousands of posts here and I'd say 99% are about the US. I'd have to imagine you have some vested interest in the country.

Obviously math is not your forte. Is analyizing posts a new hobby? If something relates to the US - sure, that's the subject. On economics, it's hard to avoid the subject of an economic swamp which hits headlines daily. You got a problem with this?? Your post has nothing to do with processing or China's decision to balance their reserves.

Nope - no vested interest, especially at the moment.

Nice to see a bunch of macro economics experts on here... if you guys took the time you argue on gfy about how bad shit is in the us, and instead used it to play the forex, you would be filthy reach and retired by now...

They will not swap a trillion in a day, they will swap a 0.02% of a percent or so a day and not every day for many month so the rates won't take a big dive it is not in their best interest. For big traders in and out of a position takes 1-3 month talking about china it could take several years. If they dump 1 trillion in one day the whole worlds economy will feel the effect.

True. This is nothing new - China stated plans in either 2004 or 2005 to balance their currency reserves and prob have been slowly doing that since then. They have also been "investing" dollars in other long-term ways eg giving away dollars as 'aid' to enhance/encourage global trading deals - basically the same as dumping, but avoids the damage of dumping.

I have no problem with it or your posts. I agree with a lot of stuff you say. I'm just saying I thought it was odd for someone who says the US has no impact on him whatsoever to have dedicated so many posts on here to them.

the dollar will go up and down through various corrections.

the bigger issue is quality of life and what a currency will actually buy in goods and services for the people that live in that country.

the quality of life in all it's aspects is related to worker output in a given country.

and of all the nations in the world, US workers are amongst the most productive, if not the most productive.

and because of this they (americans) tend to have the best quality of life.

americans don't give a shit much that the euro might be stronger than the dollar, or that the yen or rmb is gaining strength.

because, (for the most part) the average american has a BETTER quality of life than citizens of these other countries.

Simple answer - the topic of chat never depended on whether the subject had impact or otherwise - else we'd all have little to say (apart from "hit it" pics - will skip them :winkwink:).

No, the US never did have any impact - tho lived there for a while, enjoyed it, and have good friends there.

But for webmasters who live or are based in areas where currency exchange is a problem, - they appear to being hit and there is little reason why they should be hit. They are not involved in US economic problems nor did they buy homes and max out cards to contribute to the current problem.

The solution is relatively simple. In the instance of paysites - change to local signup pages offering payment in local currencies and at pricing levels acceptable to these countries. There is no logical reason to do otherwise and should already be that way.

For folks who don't have paysites or control over pricing - deal with sponsors who do process multi-currency and charge/pay pro rata on a country basis - or with sponsors who pay in other currencies.

Tho the current concern is from international webmasters - this benefits the whole industry - including US-based webmasters. Sure as hell their cost of living will increase and signup revenue per head will also be of less value shortly.

This industry is international and that spread of customers will just increase - it's past time to deal with currency on the basis of just one country and not in the interests of the industry as a whole.

And that's exactly why China will never dump their reserves. The USA is their largest marketplace and if the dollar goes down any further Chinese exports will be less competitive.

China has a one note economy...If anything happens to their ability to export they are screwed. As it is they are already starting to be squeezed by a low dollar and $100 oil. If they do something as destabilizing as dump their USD reserves their 1.3 billion people will need that $trillion to live on for the next 100 years.

Sshh.. I am short the dollar :winkwink:

The idea is that it lowers costs.
I don't want to get into volumes here on the merits/drawbacks to universal health care, it's a touchy subject for alot of people.
I will say though that every other industrialized nation in the world besides the US has it, and they all spend a far lower % of their GDP on health care than we do, and they cover their entire population.

We can either nationalize and regulate the entire system, start kicking seniors out of emergency rooms in 10 years, or bankrupt the entire nation.
Those are literally the only choices we have.

You are a fucking retard

You are totally confused brah.

I said a weak dollar helps our negative trade balance.
A negative trade balance means we buy more things from other countries than they buy from us.

A weak dollar means the things we sell to other countries are cheaper for them, so they buy more. It also means the things we import are more expensive for us, so we buy less of those things.
If we buy less things from other people and they buy more things from us the trade deficit shrinks.

I also don't get why so many people think that America doesn't export anything. While we are the world's largest importer, we are also one of the world's top 3 exporters.
http://en.wikipedia.org/wiki/Image:U...s1960-2004.gif

This is what I fucking hate about this place.

You try to have a serious discussion about business or politics or the economy and some adolescent idiot who registered last week gets to troll around and post shit like this.

They should really make at least a token effort to verify that people who register here are 18 years old and/or make them verify an adult url they own to prove they are actually in this biz.

The trolls/surfers/postwhores have really turned this place into a fucking cesspool

maybe this is the ultimate warfare? This hurts a country much more than bombs and guns.

You do realize that one of these day your parents are going to be senior citizens
...
what happens if they are the ones that get kicked out of the emergency room are you okay with that .....