January 6th, 2004, 11:50 AM
|
#1
|
|
Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,247
|
What Is Going On With The U.S. Dollar?
The relentless dollar selling showed no sign of letting up in New York Tuesday, with the dollar sinking to new lows across the board.
http://story.news.yahoo.com/news?tmp...01060922000754
|
|
|
|
January 6th, 2004, 12:18 PM
|
#2
|
|
Jolly Nihilist
Join Date: Jan 2003
Location: Old Town Scottsdale
Posts: 7,307
|
ok
no European vacation for me, but American made goods can compete better on the world market!
|
|
|
|
|
January 6th, 2004, 06:49 PM
|
#3
|
|
Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,247
|
Oil trades in US dollars.
Dollar losing (understatement) value to every other currency.
Cost of oil going up to compensate.
Inflation risk domestically.
|
|
|
|
|
January 6th, 2004, 11:35 PM
|
#4
|
|
Chickens can't clap!
Join Date: Aug 2002
Location: Seattle, WA
Posts: 1,252
|
Well this will balance out our trade deficit. Yipee...or something..
Cardinal Mike!!
|
|
|
|
|
January 7th, 2004, 06:35 AM
|
#5
|
|
Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,247
|
Quote:
Originally posted by CardinalMike
Well this will balance out our trade deficit. Yipee...or something..
|
Doubtful.
China pegs its currency to the US Dollar. Dollar was down almost 17% last year versus other major currencies. Trade deficit with China actually grew. Mexcio dosen't offically peg the peso to the dollar, but it generally moves with the dollar, trade deficit with Mexico grew last year. |
|
|
|
|
January 7th, 2004, 01:19 PM
|
#6
|
|
Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,247
|
|
|
|
|
|
January 7th, 2004, 01:32 PM
|
#7
|
|
Chickens can't clap!
Join Date: Aug 2002
Location: Seattle, WA
Posts: 1,252
|
Well if it continues to fall China or Japan will probably end up buying dollars to increase its worth since our falling dollar decreases their wealth substantially.
Cardinal Mike!!
|
|
|
|
|
January 7th, 2004, 09:16 PM
|
#8
|
|
Banned
Join Date: May 2002
Location: Mesa
Posts: 35,580
|
My gold Kuggarands are skyrocketing.
I also bought some New Zealand Kiwi's on the advice of my broker about 3 months ago....I have made a ton of money on that deal too
|
|
|
|
|
January 8th, 2004, 10:28 AM
|
#9
|
|
Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,247
|
Speaking of investments....the declining value of the US Dollar makes the US stock market a less attractive investment for forgien investors. At the very least the will have to think that there will be a greater return on the investment in order to be compensated for the devaluation of the dollar.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
Sitemap: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39
All times are GMT -8. The time now is 11:37 PM.
|
|
