WOW -Euro down 10 cents in a week
Aug 11th, 2008, 04:10 PM
#3
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I booked flights and a hotel in Rome for March 09 today. Hard to know whether to buy now or wait, but I feel better booking ahead and having something great to look forward to at the end of winter! An important thing here in the Midwest of the US.
Aug 11th, 2008, 06:33 PM
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Meant to make that a smiley face.
But really, speculators can't drive up prices if we deprive them of the need for petroleum.
Ban plastic and let Congress know that business as usual is not acceptable.
But really, speculators can't drive up prices if we deprive them of the need for petroleum.
Ban plastic and let Congress know that business as usual is not acceptable.
Aug 11th, 2008, 06:54 PM
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...and Canadian $ from near par is down to 93¢ and Aussie $ from very near par is down to 88¢
GBP hovering down around $1.90
But according to the New York Times, unfortunately, this is expected to be temporary.
GBP hovering down around $1.90
But according to the New York Times, unfortunately, this is expected to be temporary.
Aug 11th, 2008, 09:17 PM
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When did the NY Times become an authority on anything? The US Dollar is up because the demand for oil is down and the EU economy is suffering. Everyone we know in Europe is having a difficult time with the pressure from inflation eating into their stagnant incomes.
Aug 11th, 2008, 10:10 PM
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Take a look at JPY/AUD and NZD.
Fiat money looking for a better ROI.
EUR/AUD will take 1.75 in the next few days, before it'll turn. The USD is doomed, whatever people claim. There's far too much of the stuff been "generated" to make Americans have a better life (in the short run), but that was at the expense of the rest of the world.
Inflation is coming, the USD WILL crash, no doubt about that.
On an unrelated note, maybe wait a little longer before you buy "$ puts".
Aug 12th, 2008, 03:59 AM
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Maybe we should be lobbying for a national education program-anyone smart enough could go to college for free. Hopefully then someone could figure out a way to make fuel out of all of those out-of-date electronics and the unbiodegradable stuff in the land fills.
Aug 12th, 2008, 04:11 AM
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<i>Everyone we know in Europe is having a difficult time with the pressure from inflation eating into their stagnant incomes.</i>
Euro-zone inflation is up around 4%, which is certainly contributing to the dollar rebound. UK inflation hit 4.4% in July, and has been above targets for almost a year. Sterling, BTW, is near almost 2-year lows against the dollar. And it has been roughly 4 months since the USD hit its low against the Euro, and the dollar has recovered almost all of its 2008 losses.
There is also the too-long delayed realization that any economic slowdown in the US would spread to the rest of the world quickly enough. This both dampens demand for oil and means that Euro-zone investments are not, necessarily, a safe harbor. I think the run-up in the Euro currencies was always a little overdone and think this correction will end up sticking - at least until the next wave of hysteria leads to an outsized runup in the Dollar or Euro.
There will be bumps along the way, but I think any predictions of a wholesale collapse of the Dollar are nothing more than hot air. Speaking of which...
<i>Can't we put our heads together and invent a car run by hot air?? </i>
Don't laugh. I read an article just the other day about a company looking to use compressed air to power cars, in an attempt to get close to 100 mpg. A lot of technical hurdles (including being able to contain that much pressure), but your joke isn't that far-fetched.
Euro-zone inflation is up around 4%, which is certainly contributing to the dollar rebound. UK inflation hit 4.4% in July, and has been above targets for almost a year. Sterling, BTW, is near almost 2-year lows against the dollar. And it has been roughly 4 months since the USD hit its low against the Euro, and the dollar has recovered almost all of its 2008 losses.
There is also the too-long delayed realization that any economic slowdown in the US would spread to the rest of the world quickly enough. This both dampens demand for oil and means that Euro-zone investments are not, necessarily, a safe harbor. I think the run-up in the Euro currencies was always a little overdone and think this correction will end up sticking - at least until the next wave of hysteria leads to an outsized runup in the Dollar or Euro.
There will be bumps along the way, but I think any predictions of a wholesale collapse of the Dollar are nothing more than hot air. Speaking of which...
<i>Can't we put our heads together and invent a car run by hot air?? </i>
Don't laugh. I read an article just the other day about a company looking to use compressed air to power cars, in an attempt to get close to 100 mpg. A lot of technical hurdles (including being able to contain that much pressure), but your joke isn't that far-fetched.
Aug 12th, 2008, 04:36 PM
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The US dollar fell as a result of the week economy . Now that all this subprime crap is affecting other parts of the world , the affected countries currencies are falling against the US.
The US economy isn't any stronger, Its just that the other countries have become weeker in comparison.
