Home › Forums › Financial Markets/Economics › why is the dollar rallying?
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September 9, 2008 at 8:32 AM #268436September 9, 2008 at 9:48 AM #268144peterbParticipant
The historical trends are hard to avoid and so the US$ should maintain it’s climb for some time. But I also have seen data that indicates other countries central banks were starting to buy US$ to keep it from getting too cheap and hurting their export business. Countries like Japan and China cant have their currency so high that the USA stops buying their stuff. And the US$ was getting really low compared to the JPY, GBP and EUR.
September 9, 2008 at 9:48 AM #268365peterbParticipantThe historical trends are hard to avoid and so the US$ should maintain it’s climb for some time. But I also have seen data that indicates other countries central banks were starting to buy US$ to keep it from getting too cheap and hurting their export business. Countries like Japan and China cant have their currency so high that the USA stops buying their stuff. And the US$ was getting really low compared to the JPY, GBP and EUR.
September 9, 2008 at 9:48 AM #268383peterbParticipantThe historical trends are hard to avoid and so the US$ should maintain it’s climb for some time. But I also have seen data that indicates other countries central banks were starting to buy US$ to keep it from getting too cheap and hurting their export business. Countries like Japan and China cant have their currency so high that the USA stops buying their stuff. And the US$ was getting really low compared to the JPY, GBP and EUR.
September 9, 2008 at 9:48 AM #268425peterbParticipantThe historical trends are hard to avoid and so the US$ should maintain it’s climb for some time. But I also have seen data that indicates other countries central banks were starting to buy US$ to keep it from getting too cheap and hurting their export business. Countries like Japan and China cant have their currency so high that the USA stops buying their stuff. And the US$ was getting really low compared to the JPY, GBP and EUR.
September 9, 2008 at 9:48 AM #268457peterbParticipantThe historical trends are hard to avoid and so the US$ should maintain it’s climb for some time. But I also have seen data that indicates other countries central banks were starting to buy US$ to keep it from getting too cheap and hurting their export business. Countries like Japan and China cant have their currency so high that the USA stops buying their stuff. And the US$ was getting really low compared to the JPY, GBP and EUR.
September 9, 2008 at 11:35 AM #268184enron_by_the_seaParticipantMany months ago read this article and saved it. It is not as gloom-and-doom as most of the other articles that are usually posted here but it appeared quite well written to me. Hopefully you will find it useful to analyze current event in worldwide financial markets from this angle
September 9, 2008 at 11:35 AM #268407enron_by_the_seaParticipantMany months ago read this article and saved it. It is not as gloom-and-doom as most of the other articles that are usually posted here but it appeared quite well written to me. Hopefully you will find it useful to analyze current event in worldwide financial markets from this angle
September 9, 2008 at 11:35 AM #268422enron_by_the_seaParticipantMany months ago read this article and saved it. It is not as gloom-and-doom as most of the other articles that are usually posted here but it appeared quite well written to me. Hopefully you will find it useful to analyze current event in worldwide financial markets from this angle
September 9, 2008 at 11:35 AM #268465enron_by_the_seaParticipantMany months ago read this article and saved it. It is not as gloom-and-doom as most of the other articles that are usually posted here but it appeared quite well written to me. Hopefully you will find it useful to analyze current event in worldwide financial markets from this angle
September 9, 2008 at 11:35 AM #268496enron_by_the_seaParticipantMany months ago read this article and saved it. It is not as gloom-and-doom as most of the other articles that are usually posted here but it appeared quite well written to me. Hopefully you will find it useful to analyze current event in worldwide financial markets from this angle
September 9, 2008 at 5:06 PM #268294stockstradrParticipantMy thoughts on the dollar?
Some things ARE debatable by intelligent informed economic experts. Where will oil prices be next month? Who knows!
Yet, other things are so very certain; they are not really in question and not really debatable. The long-term direction of the US dollar is probably not debatable.
The US dollar’s value is doomed to fall dramatically over the long-term (10+ years). The reason is that the chips (economic conditions) are so stacked up against the dollar; it is very difficult to imagine this will reverse itself.
The US government is now facing a debt load for which there is only ONE inevitable course of action: inflating our way out of debt, meaning a long-term devaluation of the dollar.
This certain dramatic decline of the dollar (over the next ten years, and beyond) is fundamental cornerstone of my entire investment strategy. We own a home in China, but not the USA. We have our cash in Chinese banks. We own lots of gold here in the USA. We are planning a move to live and work in China (to be paid Yuan instead of dollars). We would have moved to China LAST MONTH but my wife was not ready to move back, even though I got a fantastic job offer to work in Beijing. Pissed me off to turn down that job offer. I could write ten pages on this subject of dollar decline, but don’t have the time.
I am confident that within ten years, the dollar will have declined by over 50% relative to a basket of representative currencies such as the Yuan and EURO. However, my instinct is that the actual dollar decline (within ten years) could be more on the order of 90%, particularly relative to the Yuan.
September 9, 2008 at 5:06 PM #268518stockstradrParticipantMy thoughts on the dollar?
Some things ARE debatable by intelligent informed economic experts. Where will oil prices be next month? Who knows!
Yet, other things are so very certain; they are not really in question and not really debatable. The long-term direction of the US dollar is probably not debatable.
The US dollar’s value is doomed to fall dramatically over the long-term (10+ years). The reason is that the chips (economic conditions) are so stacked up against the dollar; it is very difficult to imagine this will reverse itself.
The US government is now facing a debt load for which there is only ONE inevitable course of action: inflating our way out of debt, meaning a long-term devaluation of the dollar.
This certain dramatic decline of the dollar (over the next ten years, and beyond) is fundamental cornerstone of my entire investment strategy. We own a home in China, but not the USA. We have our cash in Chinese banks. We own lots of gold here in the USA. We are planning a move to live and work in China (to be paid Yuan instead of dollars). We would have moved to China LAST MONTH but my wife was not ready to move back, even though I got a fantastic job offer to work in Beijing. Pissed me off to turn down that job offer. I could write ten pages on this subject of dollar decline, but don’t have the time.
I am confident that within ten years, the dollar will have declined by over 50% relative to a basket of representative currencies such as the Yuan and EURO. However, my instinct is that the actual dollar decline (within ten years) could be more on the order of 90%, particularly relative to the Yuan.
September 9, 2008 at 5:06 PM #268532stockstradrParticipantMy thoughts on the dollar?
Some things ARE debatable by intelligent informed economic experts. Where will oil prices be next month? Who knows!
Yet, other things are so very certain; they are not really in question and not really debatable. The long-term direction of the US dollar is probably not debatable.
The US dollar’s value is doomed to fall dramatically over the long-term (10+ years). The reason is that the chips (economic conditions) are so stacked up against the dollar; it is very difficult to imagine this will reverse itself.
The US government is now facing a debt load for which there is only ONE inevitable course of action: inflating our way out of debt, meaning a long-term devaluation of the dollar.
This certain dramatic decline of the dollar (over the next ten years, and beyond) is fundamental cornerstone of my entire investment strategy. We own a home in China, but not the USA. We have our cash in Chinese banks. We own lots of gold here in the USA. We are planning a move to live and work in China (to be paid Yuan instead of dollars). We would have moved to China LAST MONTH but my wife was not ready to move back, even though I got a fantastic job offer to work in Beijing. Pissed me off to turn down that job offer. I could write ten pages on this subject of dollar decline, but don’t have the time.
I am confident that within ten years, the dollar will have declined by over 50% relative to a basket of representative currencies such as the Yuan and EURO. However, my instinct is that the actual dollar decline (within ten years) could be more on the order of 90%, particularly relative to the Yuan.
September 9, 2008 at 5:06 PM #268576stockstradrParticipantMy thoughts on the dollar?
Some things ARE debatable by intelligent informed economic experts. Where will oil prices be next month? Who knows!
Yet, other things are so very certain; they are not really in question and not really debatable. The long-term direction of the US dollar is probably not debatable.
The US dollar’s value is doomed to fall dramatically over the long-term (10+ years). The reason is that the chips (economic conditions) are so stacked up against the dollar; it is very difficult to imagine this will reverse itself.
The US government is now facing a debt load for which there is only ONE inevitable course of action: inflating our way out of debt, meaning a long-term devaluation of the dollar.
This certain dramatic decline of the dollar (over the next ten years, and beyond) is fundamental cornerstone of my entire investment strategy. We own a home in China, but not the USA. We have our cash in Chinese banks. We own lots of gold here in the USA. We are planning a move to live and work in China (to be paid Yuan instead of dollars). We would have moved to China LAST MONTH but my wife was not ready to move back, even though I got a fantastic job offer to work in Beijing. Pissed me off to turn down that job offer. I could write ten pages on this subject of dollar decline, but don’t have the time.
I am confident that within ten years, the dollar will have declined by over 50% relative to a basket of representative currencies such as the Yuan and EURO. However, my instinct is that the actual dollar decline (within ten years) could be more on the order of 90%, particularly relative to the Yuan.
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