Anybody else NOT impressed?

C'est d'accord, Logos. Va te coucher. Il est tard chez vous en Allemagne. Bonne nuit et a la prochaine.
PS. Je devrais avouer que t'es moins penible que ma grosse chum de fille américaine qui essaie de passer pour une anglaise. Tu la connais? Elle ecrit souvent avec des mots "British". Par contre tu es moins charmant que mon cousin irlandais. Celui est vraiment quelquechose.

>Tu la connais?
Non.

<i>Anybody else NOT impressed?</i>

Me.

But, at least we know that logos speaks French. The time he spent studying it might explain his poor grasp of economics. I especially appreciated the &quot;deflation is temporary&quot; comment. Of course it is temporary, but for how long? Deflation, by its very nature is much more difficult to combat than inflation. And government spending is one of the few ways to do so.

Anybody else NOT impressed?
Me either and I am not trying to impress anyone for that matter. Maybe Logos is though.
What I am is stunned by the brutal fall in the dollar. How the hell can this happen so quickly? Well yes, I see why but come on! 1.41 is still better than the exchange was back in the summer. But can we even hope that the dollar will recover even a bit?
Of course, Logos gets a sick pleasure at the weakening of the dollar. But let me tell you mein freund, this could and will eventually happen to your precious euro. Look what happened to the almighty pound. These days the Brits are lamenting the high prices for chips and spotted dick in Torremolinos because the sterling isn't so shiny anymore.

Hi 999,

&gt; Deflation imho is only a short term phenomenon.&lt;

As in 1930 - 1941?
.................................................. ....................................
Hi TM,

&gt;What I am is stunned by the brutal fall in the dollar. How the hell can this happen so quickly?&lt;

How long dd it take for the Euro to go from $1.52 to $1.22 this year.

How about when it was first introduced at $1.18 and sank to $0.87?

&gt;... I see why .....&lt;

You do? Please explain. :)

((I))

Ira,
In 33, our dollar was backed by gold allowing for severe deflation. This time around I think the deflation will be short term. Already farmers cant get the credit needed to properly prepare their fields for next year. I see a bond crash in the next 24 months, but inflation to hit within 6.

Oanda says the lowest was $1.23 this year, but the dollar dropped 4 cents vs. the euro in one day on 10/31/08 to 11/1, so I don't think there is anything that unusual about the rate changing 6 cents in 10 days.

It is now 1.72957 for us Canadians. Up nearly 30 cents in four weeks!

Es wird sehr interessant, hier mit zu verfolgen, wie TG die letzten paar Kr&ouml;ten verliert.

Freue mich schon drauf! :-)

It may go up and down a little, but the USD chart will be just like those of a US auto maker.

Verkauft eure Dollars und kauft irgendwas anderes daf&uuml;r, solange es noch geht!! Keine Euros, da dauert es nur etwas l&auml;nger.

Once the stampede starts, it will be too late.

Hi Chr,

&gt;the dollar dropped 4 cents vs. the euro in one day on 10/31/08 to 11/1, so I don't think there is anything that unusual about the rate changing 6 cents in 10 days.&lt;

Those are enormous changes.

Currency usually fluctuates by tenths of cents per day.

((I))

&gt;&gt;&gt;&gt;&gt;&gt;
But let me tell you mein freund, this could and will eventually happen to your precious euro. Look what happened to the almighty pound. These days the Brits are lamenting the high prices for chips and spotted dick in Torremolinos because the sterling isn't so shiny anymore.
&gt;&gt;&gt;&gt;&gt;&gt;&gt;

and you need to learn a lesson from my countrymen who were smug about the fall of the US economy and the dollar. now we are in bad, bad shape...even worse than the US because we have a less dynamic economy and because we are so mouldy and covered with cobwebs, we won't be able to reinvent ourselves as easily.

i tried to warn them not to be smug because i knew this would happen. they didn't listen to me and now they look like fools. i also warned them not to be smug about the US fingerprinting visitors and now they look like fools for that too.

so they are now back to arguing over baseball/rounders vs. cricket and american football vs. football. they are so fascinating.

and for the 'cost of spotted dick in torremolinos' comment...that's very funny...wish it were mine. on the news they interviewed all of the people who moved to spain. they were so upset and complaining that the UK gov't doesn't care for them because their cost of living went up due to the fall of the &pound;!!! what idiots. they moved their for the upsides (cheap houses and cheap everything). now they need to roll with the down side (currency risk).

&gt;happen to your precious euro
Yes it will, but quite some time later in the future. The important thing is not to let inflation destroy everything you worked for like it will be happening in the US and Britain.
It's just the beginning and not even very impressive given the fact that so close before christmas there isn't such an high volume traded anyway.

Ever asked yourself, who's buying those government bonds that pay 0.3% interest? No ordinary person would do such a bad deal. I fear that... Just the tip of the iceberg.

We'll see 1.75 dollars for the &euro; in only a short while. Whereever you invest your money stay away from anything connect to the US or Britain.

Among other things I have got quite some bullion (No, not THAT much). Bullion is for guys, jewelry is for chicks. At least you have some fun with it and won't lose it all.

Best wishes for Britain and the folks in the US that have realized in what a shitty situation the find themselves. As always the ones that create the mess are not the ones that pay for it. But closing the eyes and saying everything is fine will end in your financial ruin.
(Wonder if I should care)

Yes: I'm very glad that our stay in France ended on the 14th and our ATM exchange rates were still on the low side, averaging around $1.29 to the Euro. The GBP was friendly as well for our one-nighter at Heathrow.

Gotta ask - how does one have &quot;fun&quot; with bullion?

Or, maybe I don't really want to know ...

&gt;how does one have &quot;fun&quot; with bullion?
If you have to ask, you'll never find out. Just buy some :)
Or maybe ask your uncle scrooge.

No dollars in there.
http://goodcomics.comicbookresources...crooge%204.jpg

Actually, my mother used to buy it and bury it by a tree in her back yard back in the '70s. But she never mentioned the &quot;fun&quot; part.

Hi 999,

&gt;Ever asked yourself, who's buying those government bonds that pay 0.3% interest? No ordinary person would do such a bad deal.&lt;

Of course no ordinary person would buy 30 day Treasury notes. That's for the big players.

In truth, I think the the big banks are taking the money that the Treasury has been so kind to give them and parking it in T-notes.

&gt;We'll see 1.75 dollars for the &euro; in only a short while. &lt;

How long is a &quot;short while&quot;? I want to put the date on calendar.

((I))

&gt;&quot;short while&quot;?
If it hasn't crashed far below 2:1 by the end of February. 1.75 should be reached by then.
However, it could be any day now, it just has to lose 15%-20% a day, to start the stampede.

I would get out of dollars now. &euro; are good only for a limited time after the collapse which is unavoidable and may be intentional.

Just like a stock that's going down, peolpe will stick with the dollar, if only after a bigger decline there will be a few days of recovery. They go down all the way in the hope of a recovery that will never come...