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In article , Mxsmanic
wrote: writes: Second, it is absurd to say that the problem of the dollar (whatever problem that is supposed to be) has nothing to do with the Euro. The problem with the dollar has everything to do with the United States, and very little to do with anything else. Your wrong. China has undervalued its currency more than 30%, it is pegged to the dollar artificially, this has huge consequences on balance of trade. jay Mon May 30, 2005 Fools mainly think that a so-called weak dollar is a problem. In fact, it is an adjustment mechanism for an economy and generally gets "weaker" when that country's economy is doing BETTER than those of countries whose currencies are getting "stronger." Uh-huh. Time will tell. |
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On 30/05/05 19:45, in article , "Go Fig"
wrote: The problem with the dollar has everything to do with the United States, and very little to do with anything else. Your wrong. China has undervalued its currency more than 30%, it is pegged to the dollar artificially, this has huge consequences on balance of trade. Eventually it will have to yield. What will they do with all those dollars? They hold hundreds of billion is US bonds. Eventually these will devalue in face of the rise of their own money. |
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On Mon, 30 May 2005 19:19:49 +0200, Earl Evleth
wrote: On 30/05/05 18:54, in article , "Tom Peel" wrote: If you compare the Dollar-to-Euro exchange rate over the past 5 years with the figures for European growthrate and unemployment, you'll see there's a direct correlation. The exchange value of the dollar will not have much to do with what Europe does but with what the USA does. Europe, globally, is not deficitaire with regard to the balance of trade. So from that standpoint the euro is at equilibrium. The US dollar is not, and strongly so and has been for a long time. This latter results in vast amounts of dollars being shipped "overseas" and eventually converted into US Government bonds. The world is awash in dollars. Sometimes this makes no difference but there is a tendency to convert and buy other currency with them, not merely buy US bonds or invest this money back in America. So the dollar will be perpetually weak overall, occasionally stronger. Its value vis-à-vis freely traded currencies will yo-yo at times. A typical Evleth babbling that even contradicts the point he claims to make. Sometimes this matters but other times it doesn't. That just makes it coincidental doesn't it moron? There have been plenty of times during my lifetime when the dollar has been both weak and strong, yet I can't think of a single year where the US had a trade surplus since the 1960s. So, if there was a direct correlation, which of course there is not, it would have been continually weak wouldn't it idiot? This is just more Evleth babbling when, proven to be wrong, he comes up with bull**** like this trying to somehow turn it around. Complete bull****. So with regard to the euro, now at 1.25, it was 1.35 and it was 0.8 a couple of years ago. That is yo-yo. Before it yo-yoed with regard to the franc. With regard to the franc it varied between 3.9 and around 10 over the years we have been in France. It will continue to yo-yo. Especially if one has a yo-yo President. The only yo yo around here is you and the coterie of idiots. |
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On Mon, 30 May 2005 19:26:04 +0200, Mxsmanic
wrote: writes: Second, it is absurd to say that the problem of the dollar (whatever problem that is supposed to be) has nothing to do with the Euro. The problem with the dollar has everything to do with the United States, and very little to do with anything else. A statement directly contradicted by the facts. And I ask again ace. Just what problems are you talking about? Our low inflation ones? Our low employment ones? Which? Fools mainly think that a so-called weak dollar is a problem. In fact, it is an adjustment mechanism for an economy and generally gets "weaker" when that country's economy is doing BETTER than those of countries whose currencies are getting "stronger." Uh-huh. Time will tell. This has been proven so many times over the years that time has long since told. You, like Evleth, apparently know nothing at all about international economics do you? |
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On Mon, 30 May 2005 19:38:18 +0200, Earl Evleth
wrote: On 30/05/05 19:26, in article , "Mxsmanic" wrote: writes: Second, it is absurd to say that the problem of the dollar (whatever problem that is supposed to be) has nothing to do with the Euro. The problem with the dollar has everything to do with the United States, and very little to do with anything else. Fools mainly think that a so-called weak dollar is a problem. In fact, it is an adjustment mechanism for an economy and generally gets "weaker" when that country's economy is doing BETTER than those of countries whose currencies are getting "stronger." Uh-huh. Time will tell. It already has. The dollar was yo-yoed for years. it lost value vis-vis the DM and Swiss France on a steady basis. This bull**** meaning that the dollar has both gotten weaker and stronger over the years against these currencies despite what trade balances have been doing (which you will now see have completely disappeared from the thread now that Evleth has once again been shown to be the uniformed fool he is again). Exactly contradicting what you said when you said that the rate was a function of the trade balance (which is bull****) and confirming what I said. Evleth will now try to bull**** everyone by trying to change tunes and try to make you believe this is what he originally said, when it is exactly the opposit. The value of the dollar is also market determined on the exchange markets. There are only several places the dollar can go. It can be held as a reserve or sent back either in the form of general investment or specifically into US government bonds. The latter has the advantage in that is does not have to be "managed". Buying GM or Ford Motor bonds can be more dangerous. Buying Enron would have been been more dangerous. Buying US real estate right now might not be wise. So the safe haven are the bonds. I got news for you idiot. The ONLY place the value of the dollar is determined is on the exchange markets. By well over a trillion dollars of trading a day. The world is awash in dollars, it is not awash in euros. Another totally meanlingless statement by this idiot. |
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On Mon, 30 May 2005 10:45:24 -0700, Go Fig wrote:
In article , Mxsmanic wrote: writes: Second, it is absurd to say that the problem of the dollar (whatever problem that is supposed to be) has nothing to do with the Euro. The problem with the dollar has everything to do with the United States, and very little to do with anything else. Your wrong. China has undervalued its currency more than 30%, it is pegged to the dollar artificially, this has huge consequences on balance of trade. Of course, they're wrong as I said from the beginning. They are just totally ignorant of how exchange rates and markets work so they just babble out their amateur hour views which are just laughable as usual. |
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On Mon, 30 May 2005 19:49:21 +0200, Earl Evleth
wrote: On 30/05/05 19:45, in article , "Go Fig" wrote: The problem with the dollar has everything to do with the United States, and very little to do with anything else. Your wrong. China has undervalued its currency more than 30%, it is pegged to the dollar artificially, this has huge consequences on balance of trade. Eventually it will have to yield. What will they do with all those dollars? They hold hundreds of billion is US bonds. Eventually these will devalue in face of the rise of their own money. The same thing all other countries do you idiot. Hold them in reserve and use them to settle their obligations with other countries. Which is how the international economy works idiot. That's why it's called a reserve currency idiot. |
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