I knew Bush would tinker with that secret computer in the oval office that controls gas prices before he left office...damn, everything is his fault.
The US dollar is gaining strength. The Euro is weakening. Yesterday, AFP reported: The euro on Wednesday fell beneath 1.35 dollars for the first time since June, as the US unit continued to draw strength from its safe-haven status amid ongoing turmoil across financial markets. In early European trade, the European single currency dropped to 1.3476 dollars -- the lowest point since June 29. The euro later stood at 1.3499 dollars, which compared with 1.3532 late in New York on Tuesday. "The US dollar continues to strengthen in the wake of the subprime/credit market flush-out as it still remains the global reserve currency of choice," ABN Amro economist Dustin Reid said. The yen too is gaining owing to current market woes, shooting up to four-month highs against the dollar and the euro in Asian trade Wednesday as traders continued to shun risky bets, dealers said. GWorld, received your iPhone yet? I have. Sorry, that's just "redneck" stuff. I say the US just takes back everything Americans have invented. No telephones. No cell phones. No practical light bulbs. No artificial hearts. No practical computers. No bifocals. No self-propelled boats. No coffee pots. No sewing machines. No multi-shot handguns. Power tools? Gone. Elevators? Gone. Electric Burglar Alarms? Gone. Roller skates? Gone. Hearing aids? Gone. No skyscrapers, portable cameras, air conditioners, nylon, microwaves, carbon dating, nuclear submarines, polio vaccinations, lasers, calculators....none. All that redneck stuff we've spent our money on over the years. We could've been traveling...on wooden, wind-driven ships, using crude, inaccurate maps, hoping to get to our destination in a few months - if at all. There, we could sit in the heat, hope not to get dreaded diseases, and hope our memories will last forever, because there's no such thing as a portable camera.
What a long historical perspective to draw conclusion about dollar, the whole 2 months. Here is a link to 5 years chart of Euro to US dollar exchange rate when dollar has enormously declined in value. Here is the chart for 5 years showing US dollar against Euro, do you notice how is headed down the toilet?
Gworld, An Economist in your own country seems to disagree with you. It's not going down the drain. I can't post a link here (I only registered yesterday), but if you got to my blog (bpmonaco.com), I'll post the link in the first post. The Dollar has always fluctuated. In the 70s, it was on the verge of collapse (See "The Americans" by Canadian Broadcaster Gordon Sinclair). It rises, it falls. However, it doesn't do down the drain.
I've been following what economists say for some time now, and they all pretty much agree that dollar is going down the drain. By 'economists', I don't mean Bernanke, Bartiromo and other cheerleaders You guys are going to wake up some day when Dow is in 4 digits, gasoline at $7/gallon, and it takes 4 dollars to buy a euro. Some people will NEVER wake up, to preserve their mental security. Feeling sort of sorry for you
glad to see that someone else is trying to talk some since into gwhirled...of course he will respond that you are a member of gtech's gang, and that all we do is praise Bush, Nixon, Jews, and of course, DMOZ....those are all things that he hates, while living his life in CanaDUH.
It must be a blind economist that can not even see a chart. Do you want to know how stupid your economist is? Let's look at only the first paragraph of his "cheer-leading" text: This genius is predicting the world political and economical development for the next 50 years. He should open a paid fortune telling hotline instead of wasting his time writing about economy.
demosfen, If you'll also check out the link I'm referring to, you'll know that he's not an American, and the company he works for is a world wide group.
I see that gworld replied again, probably to my previous post...let me guess...he used the words "cheerleader, Gtech, little willy, crazy gang, nixon, any reference to children, including boyfriend, girlfriend, etc.(Gworld is a known pedophile) or any combination of those....man I love having him on my ban list...now how did I do?
gworld, I'm assuming you're an economist, since you seem to know more about economic predictions than he does. See, he's been covering and predicting economics for over 25 years, from all across the globe, and is the International Business Editor for The Telegraph. Previously, he was a Washington correspondent. He was educated at Malvern College and Cambridge University. His father, Sir Edward Evan (E. E.) Evans-Pritchard, was a Professor of Social Anthropology at Oxford University form 1947-1970. Before writing for The Telegraph, he worked for The Economist. But, you know better.
of course he does, hes been to collAge....lol....gworld stands for gentlemen's world btw, which I think is a porno club of some sort.
Are you angry with me because I don't respond to your sexual approaches and refuse to do what other "Republicans" here doing to you? Just get over it "straight" guy, and admit that you like it to get attention from your special friends.
would that be another response by gworld that talks all about sex....is there anyway we could get him banned? Also, how am I doing, am I 2 for 2 or at least shooting 50%?
I am not predicting, I am looking at the reality that has already happened. Dollar has lost about 40-50 percent of it's value against every major currency during the last 5 years. Doesn't matter what his credential are, any person who claims that he can predict the world's political and economical development for next 50 years is an idiot.
gworld, Right. Because after all of that time, being educated at Cambridge, with it running in his family, he doesn't know what he's doing. Ok. But, you know he's wrong. Huh. Considering you won't take the word of a well-educated man, from your own country, having made predictions for over 25 years, working all across the globe, with his father having taught at Oxford and knighted, I leave this thread. All you'll except is "The dollar is going down the drain. The Euro and other currencies are going to shoot up. Americans are rednecks". Enjoy living in that land - wherever it is. For the rest of us, the dollar rises and falls. It fluctuates. It's nothing new. Every setback we've had, from the Great Depression of the 20s to the Economic Issues of the 70s, we've returned stronger than ever. But if you want to believe our currency is going to go down the drain, then believe that.
The American dollar used to be worth a LOT more. It was actually purposely lowered in value to help with trade I believe. I think we learned this in history or government in college, can't remember.