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The greenback.

Discussion in 'Off-Topic' started by Steve_Kow, Feb 11, 2004.

  1. Steve_Kow

    Steve_Kow Banned

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    The greenback.

    As I'm sure most of you know, the U.S dollar has been steadily declining versus most of the world's major currencies, especially the Euro and British pound. What are your thoughts on this?
     
  2. Mad Merlin

    Mad Merlin IncGamers Member

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    At this rate, the Canadian dollar will reign supreme once again!
     
  3. rplusplus

    rplusplus IncGamers Member

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    Geld ist Geld.

    Einige haben es.

    Einige nicht.

    R++
     
  4. Steve_Kow

    Steve_Kow Banned

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    Du bist richtig, wie immer. ;)
     
  5. rplusplus

    rplusplus IncGamers Member

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    Danke mein Freund :)

    Welche Weise zur Sekretärs- Lache? ;)
     
  6. zodiac66

    zodiac66 IncGamers Member

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    NONONO...that can't happen. I like going to Toronto and getting clothing cheap.
     
  7. Corneo

    Corneo IncGamers Member

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    Perhaps Allan Greenspan can fix this. Put him on prime time TV and tell him to say "buy more stuff!" It's bullet proof!
     
  8. rplusplus

    rplusplus IncGamers Member

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    Prime example "Dow closes at highest level in more than 2.5 years as investors cheer Greenspan's views".

    Linky

    R++
     
  9. th5418

    th5418 Banned

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    In 10 years : a loaf of bread is worth 1000 bucks
     
  10. dantose

    dantose IncGamers Member

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    eh, comes with the economy
     
  11. CaptJoe213

    CaptJoe213 IncGamers Member

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    I love Greenspan, I wish I had that man's job...he gets on tv, says his wife didn't give him any love last night, and boom, the market crashes.

    he says his colonoscopy went well, and we have the biggest market rally in years.

    I wanna get on tv and say my butt iches and affect the stock market lol
     
  12. Killfrenzy

    Killfrenzy IncGamers Member

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    Living in canada i like this... the AMERICAN CURRENCY!!!! what time would you like your breakfast sir? situation may be over!!! hurray!
     
  13. Corneo

    Corneo IncGamers Member

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    My HS econ teacher worshiped Greenspan. He made a poster of all the bills and placed Greenspan's picture in the portrait. "In Greenspan We Trust". I guess your pretty powerful when the show a graph of the stock market next to your picture. Every work that comes out of you mouth makes the graph go either up or down.
     
  14. Mangoes-2003

    Mangoes-2003 IncGamers Member

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    well if you caught Conan last night, Mike Myers showed how you can make Sir Wilfred Laurier into Spock on $5 CDN. People might wanna spend more money if you make it more fun to use, ya know?
     
  15. Steve_Kow

    Steve_Kow Banned

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    The weaker dollar does make U.S products more competitive versus other nation's products, and because the Chinese and the Japanese have taken measures to align their currencies with the dollar, most of the correction in value has hit the Europeans. If the dollar doesn't gain value versus the Euro and pound I predict a further economic slump for the Europeans (and a signfigant gain for the U.S).

    So on the one hand, U.S producers gain a competitive edge, at the cost of foreign investment capital and increased inflationary pressure.

    What do you think the U.S should do?
     
  16. Choogy

    Choogy IncGamers Member

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    Invest in gold...lots and lots of gold
    As dollar goes down, gold goes up
     
  17. rplusplus

    rplusplus IncGamers Member

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    The same Capitalists who invest in the US markets also Hedge their portfolios with offshore ventures and the equilibrium of the world markets usually will balance and nature abhors a vacuum. The trick is if you can 51% of the time lead the curve you can profit. Otherwise you be like me and stand by for the liquidation sale.

    R++
     
  18. maccool

    maccool IncGamers Member

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    Isn't China's currency suppposed to be something like 20-40% undervalued? They keep it that way to attract foreign investors. Same thing with the U.S. A weak dollar here means the Euro buys more, which allows overseas investors to invest in U.S. corporations.

    Of course, a weak dollar means foreign and domestic goods cost more for you and me because the material to produce said goods costs more. But a weak dollar also means U.S. goods cost less to foreign shoppers.

    I'll wait for PLF to explain it all much better. Until then, back to the gold standard!
     
  19. rplusplus

    rplusplus IncGamers Member

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    A large factor is the labor costs. Europeans enjoy a nice wage IIRC and Americans even Minimum Wage is pretty decent depending on the local economy (Read California does not apply). In less developed nations the daily wage is a pittance and so thier costs are lower. That of course is the reason for the outsourcing of so many jobs overseas. The key to any economy is to constantly adapt to the markets. We saw that in the 90's downsizing. What's next? Guess right and it could make you the next billionaire!

    R++
     
  20. Sergeant

    Sergeant IncGamers Member

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    Pff, I wouldn't hold your breath or make a mass exodus to Canada just yet.

    We're still stronger than many currencies and all it's indicitive of is fluctuations in the global economy caused by normal factors, war and so on. I'm not really all that worried.
     

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