Author Topic: Currency - redux? (Read 2562 times)

Shamus · « **Reply #60 on:** January 03, 2006, 09:48:31 AM »

No one gets through life alive.

shamus

Thrawn · « **Reply #61 on:** January 03, 2006, 09:49:03 AM »

It's not about getting through life alive, for me it's about positioning my family so it can survive or thrive through any of the possible crises mentioned.

lazs2 · « **Reply #62 on:** January 04, 2006, 08:33:18 AM »

Well.... we all worry about things that are fairly unlikely to happen... like wearing seat belts... unless you are an asian driver you are unlikely to really need em.

Some own, for protection, firearms but... at least they get some other types of enjoyment out of em for the most part.

Some join eco movements because they feel the end is near and that man is destroying the planet. They think they might lay some hot hippie chick tho instead of their hand.

I guess.... if economics is fun for you then any doomsday thinking might also be fun to play with... just don't let it run your life. If you are slanting what you research in order to get an outcome you like (downfall of the U.S.) then you are just a sick, unhappy, pup.

lazs

Thrawn · « **Reply #63 on:** March 14, 2006, 02:44:45 AM »

The US Federal Reserve Bank has decided to stop releasing the information contained in their most compete aggregate of US money supply (M3) on March 23. Three days after the Iranian oil bourse is supposed to open.

I certainly don't think this is a coincidence.

lazs2 · « **Reply #64 on:** March 14, 2006, 08:33:35 AM »

If it makes you happy thrawn then more power to you... everyone needs a hobby or... a boogie man.

lazs

Thrawn · « **Reply #65 on:** March 14, 2006, 08:56:08 AM »

Quote

Originally posted by lazs2
If it makes you happy thrawn then more power to you... everyone needs a hobby or... a boogie man.

lazs

Makes me as happy as trying to inform friends of coming tidal wave. As far as a boogie man is concerned I can only assume that I wasn't clear in my post.

Here's an analogy.

You are a stock holder in a company. This company has a monopoly on product "X". Even though this company has a monopoly, through short sighted management it runs at a loss. That loss has been increasing by about 15% a year for awhile. Now a competitor is openning up shop and the company has decided to stop issuing you financial statements.

Not sure about you but that would certainly raise my eyebrows to say the least. Taken in context of everything else I've argued in this thread, it certainly fits in the puzzle. But I would never of guessed that the Fed would just stop releasing money supply information. But then again, in the past few years there has been many changes in the upper echelons of Fed management.

lazs2 · « **Reply #66 on:** March 14, 2006, 09:00:10 AM »

You will excuse me of course if I get a second opinion?

lazs

Thrawn · « **Reply #67 on:** March 14, 2006, 09:06:51 AM »

Quote

Originally posted by lazs2
You will excuse me of course if I get a second opinion?

lazs

Only if you actually go get a second opinion.

lazs2 · « **Reply #68 on:** March 14, 2006, 02:15:45 PM »

you're probly right... I will probly skip the second opinion and go on to the 3rd fourth and fifth and then finally just figure that it is not an exact science and that there are far too many variables for even a student to be 100% correct.

lazs

Thrawn · « **Reply #69 on:** May 01, 2006, 10:14:59 AM »

The Iranian oil bourse didn't open up as scheduled. The Iranian oil minister says they are going to open next week.

"Tehran, April 26 - Oil Minister Kazem Vaziri Hamaneh said on Wednesday that the establishment of Oil Stock Exchange is in its final stage and the bourse will be launched in Iran in the next week."

http://www.iribnews.ir/Full_en.asp?news_id=212013&n=32

The US dollar is trading at it's lowest value compared to the Canadian in 28 years.

"Loonie hits highest level since June 1978 against U.S. dollar
Last Updated Fri, 28 Apr 2006 17:47:21 EDT
CBC News
The surging Canadian dollar gained more ground on Friday as it rose to its highest level against the U.S. dollar since June 1978."

http://www.cbc.ca/story/news/national/2006/04/28/dollar-060428.html

The U.A.E. and more significantly Sweden has started actually selling off USD reserves.

"UAE turns back on dollar in foreign reserves shake-up
By Ambrose Evans-Pritchard (Filed: 14/03/2006)

The United Arab Emirates is planning to switch 10pc of its foreign reserves from dollars to euros in the first sign of fall-out from Washington's snub to Dubai Ports World last week."

"Dollar falls after Sweden echoes global switch to euros
By Ambrose Evans-Pritchard (Filed: 22/04/2006)

Sweden has slashed its holding of dollars in the latest sign that central banks across the world are starting to shun US paper."

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/03/14/cnuae14.xml&menuId=242&sSheet=/money/2006/03/14/ixcity.html

And gold was trading at over $660 today.

Is this it?

"Dollar starts the big slide against major currencies

THE dollar has embarked on a big decline that will see it fall against all leading currencies, according to analysts.
The plunge is being prompted by America’s $800 billion (£438 billion) current-account deficit, they say.

The dollar has been under pressure following last weekend’s meeting of G7 finance ministers and central bankers, which emphasised “global imbalances” and said currencies should reflect economic fundamentals. Then China raised its key interest rate to 5.85%, its first hike for months, and Ben Bernanke, the new Federal Reserve chairman, hinted that American rates would pause at 5% after a rise in May.

Analysts say that without interest-rate support, the dollar will be weighed down heavily by America’s imbalances.

“I think this is it,” said Tony Norfield, global head of currency strategy at ABN Amro. “The dollar has been supported by high yields but markets are saying that is no longer enough. The question for policymakers is going to be how to manage the dollar’s decline. It won’t be a one-way street but the fall is likely to be biggest against Asian currencies.”

The euro has already risen to an 11-month high of more than $1.26, while the dollar is at a three-month low of 113.70 against the yen. The Canadian dollar, known by traders as the “loonie”, rose to a 28-year high on Friday, boosted by a hike in Canadian interest rates.

Sterling climbed back above $1.80, closing above $1.82 in New York on Friday."

It seems to me that almost everything I see points in the same direction; The fall of the USD do to printing off to many of the things.

-dead- · « **Reply #70 on:** May 01, 2006, 02:04:19 PM »

Chinese exports to the US account for 21.4% of its total exports, which ranks the US as number 1 export market in dollar value, with the EU second with 19.6% and Hong Kong third with 15.1%.

Sooner or later we will all be assimilated.

The only thing I can see slowing China is the rising oil prices: and everyone's going to have to get used to the fact that oil will never be as cheap as it was, and will only get more and more expensive, as demand goes up and supply goes down.

Typical - just when I thought it might be handy to finally get a driving license, the waste matter hits the spinny spinny thing. Maybe I should get one anyway, if only for the "that was back when there were cars" anecdote to freak out the youngsters in my frail dotage.

Shamus · « **Reply #71 on:** May 01, 2006, 06:50:40 PM »

There will be many clinching thier eyes, hands over ears chanting lalalalala as loud as possible.

shamus

PS its about golds time:)

Thrawn · « **Reply #72 on:** September 20, 2007, 05:41:13 PM »

Today, the Canadian dollar reached parity with the US dollar.

2bighorn · « **Reply #73 on:** September 20, 2007, 06:10:56 PM »

Quote

Originally posted by Thrawn
Today, the Canadian dollar reached parity with the US dollar.

You are aware that 80% of Canada's export goes to US, right?

Viking · « **Reply #74 on:** September 20, 2007, 06:40:48 PM »

I've never seen the US $ this low before, must be a record low. It's worth less than half a Pound Sterling and the Euro is now at more than US $1.40. The Aces High subscription now costs me about the same as three bottles of soda.