The Almighty Dollar- WTF?
 

1.00 USD = 5.71960 NOK ( Norwegian Kroners )

I remember when it was 1 = 10, back when we started in 97.
Now, I am in Spain, which has Euros, but still...
1.00 USD=0.723200 EUR


Anyone think it will bounce back?

:sadcrying

give me all your dollars

Tell me something which i didnt know :( Here dollar dropped from 1$ for 7 HRK to 1$ for 5.3 HRK.Bad.Very bad.I think it's bush fault.

No ....

I am happy that I sold my property when the market was overheating and that the US dollar was still giving me $1.40 Canadian instead of todays $ 1.05 .....

You have to see the advantages:
buying designs is very cheap for us Europeans (if you are paid out via epassporte).
Time to expand! :)

It sucks, since most programs pay in dollars you get less money each month

http://www.cbsnews.com/stories/2007/...n2528226.shtml ... see the story on 60 minutes and see how bad america is doing.. the dollar will not bounce back

"I'm going to show you some numbers…they’re all big and they’re all bad," he says." (David Walker - the comptroller general of the United States)

Not in the near future.

Personally, I am now focusing on the (mainstream) European market, because I fear the dollar will drop even further.

Doesnt look like its gonna go up (not much at any rate) in the near future.

Personaly I dont mind, I make most my money in NOK anyways ;)

please don't even tell me about this :-/

If most or all your sponsors pay you in dollars, it doesn't make a difference.

i know, its fucking pathetic :( hardly get any exchange rate

Interesting article, basically our Gov't is a pile of shit.

It's cyclical. Give it 10-20 years and it'll bounce back. There comes a point where buying usd's becomes attractive again.

as the comtroller general of the United States is telling 60 minutes, if the US keeps going, they won't be able to pay interrest on the loans in 10-20 years... :/

20 years ago = 1987. Think Commodore Amiga, half a megabyte of RAM, 16 colour monitor, 4 voice sound, no HD, and Sierra games that came on 12 floppy disks.

Do you really think we all have 20 years to wait for it to bounce back? :P

I don't think so. At least with the current "bushed" govt. :2 cents:

I get reminded of the lousy exchange rate every fucking day :(

I'm from England, and the exchange rates is really killing my payouts over the last 4+ months.

I got 1.02 on Friday...

Don't forget the sub-prime blowup, the hedge fund blowup and all the other blowups.
A healthy US economy makes for a happy global market.

I'm not saying the comptroller general is wrong. He's absolutely right.
But do more taxes = weaker USD? No, there's no direct correlation.

When the US focus is off the war on terrorism and the war in Iraq, that's when Social Security, Medicare and Medicaid will be in the spotlight.
The US needs to clean house, be thankful that gwb's 8 years are almost up.

Living below your means and diversifying your investments. That's the safest thing you can do. Put some money in a vanguard fund, many of them have a10% ytd return for the past 10+ years. You'll sleep better at night guaranteed.

Sorry to ruin your bitching party, but for every person bitching about exchange rates, there is one laughing all the way to the bank... When exchange rates are low, like they are now, service providers like designers, programmers, content shooters, etc are making a killing as it no longer makes sense to outsource those services overseas...

Nope - chances of that in the future are remote and in the near future the dollar will drop further.

When the US economy has an accountant monitoring it, would think there will be a slowing down of the depreciation and maybe some increases in value. But overall and in the longer term - probably a downwards spiral and a massive challenge to combat/reverse it. Only my :2 cents:, but this should be a top priority and already past the stage of stupid politics.

The US now has more debt per person than any country on the planet - forgetting the habitual personal debt. US industry has very little to offer to reduce the trade deficit. The government continues to borrow heavily from other nations (roughly $10-15bill/day).

US folks have been spending more than they earn and that is increasing rapidly. The moment there is a general wage increase - that is spent - plus an extra portion usually financed by cards. The spending power is obviously on a portion of US manufactured product, but the bulk of spending is on imported product - resulting in further increases in trading deficits.

Add with the traditionally high funding by taxpayers money in areas of defense plus the current "war" spending - any finance director of a corp would cut his throat.

Currency exchange is reflecting these factors plus plenty more. It's not sustainable.

Just for fun some burgernomics:
http://www.manny.biz/BigMac.gif

Was calculating a wire transfer recently - the transfer was actually done a few years ago, but calculating the difference now. The net benefit was just over $10K dollars by doing that transfer at that time.

one has to look back more than just 10 or 20 years to study currency. people don't generally understand currency fluctuations run in cycles (and sometimes these runs can be huge). if they didn't do this, money markets wouldn't have speculators to move them up and down

The USD sux for sure atm. but it will bounce back. hopefully the dems will get the US out of iraq, and I am sure you will see an immediate changing of currency positioning around the globe

i hope things will get better soon or later

You really dont know anything about the amazing Amiga do you? :disgust

The upside is all the 60 year old sitting at home with nothing to do but surf the net. :1orglaugh

Do you have an example of this vanguard fund at 10%?

If anyone has Amateur traffic and wants to get paid in euros, contact me, I can get anyone hooked up...

Not via the program in my SIG, via the european version... so msg me on ICQ 1889711

(You need a US tax ID and a mailing address)
Vanguard
Fidelity

There's a bunch of non-us funds too:
Schwab Hong Kong
Fidelity Canada
+ hundreds of others.

almighty dollar my arse.

their mickey mouse currency is practically worthless :2 cents: