In the end, today's $ buyers realized that the USA is still
borrowing and spending its way to utter ruin. The USA is
doing to itself what the Soviets and Al Queda could never do.
Read somewhere that the USA would have a balanced budget this
year if they only passed the budget from 2003...you remember 2003,
the starvation and despair, no health care, the joblessness and the
hopelessness? Sure glad we are not in 2003, aren't you?
A good line in BusinessWeek about reducing the defense budget:
"who are we afraid from? China? If they want to slay us, all they
need to do is call in their loans..."
You've got that right. Since last June's high of $88.90,
the DXY has lost 17% to today's $72.93.
If you made 17% on your money in the same time, you'd probably
fell that's a good return for the year, but little do you know is
that you'd be even. I doubt the average person knows
this.
Gold has risen 26% in the same time from $1240 then to $1570
today.
Dollar
Posted by john9o9 on 2nd of May 2011 at 10:40 am
Well that MASSIVE move up in the dollar sure didn't last long!!! LOL
What a joke that was.
Posted by oops1e on 2nd of May 2011 at 10:43 am
What a joke that was. Just an excuse to run the metals stops I guess.
$$ no joke
Posted by perthx on 2nd of May 2011 at 10:57 am
In the end, today's $ buyers realized that the USA is still borrowing and spending its way to utter ruin. The USA is doing to itself what the Soviets and Al Queda could never do.
Read somewhere that the USA would have a balanced budget this year if they only passed the budget from 2003...you remember 2003, the starvation and despair, no health care, the joblessness and the hopelessness? Sure glad we are not in 2003, aren't you?
A good line in BusinessWeek
Posted by pdani on 2nd of May 2011 at 11:11 am
A good line in BusinessWeek about reducing the defense budget: "who are we afraid from? China? If they want to slay us, all they need to do is call in their loans..."
no. as the old saying
Posted by Palladin on 2nd of May 2011 at 11:15 am
no. as the old saying goes if you owe the bank $100,000 its your problem - if you owe the banks $1000,000.00 its their problem!
or something like that...
You've got that right. Since
Posted by oops1e on 2nd of May 2011 at 11:07 am
You've got that right. Since last June's high of $88.90, the DXY has lost 17% to today's $72.93.
If you made 17% on your money in the same time, you'd probably fell that's a good return for the year, but little do you know is that you'd be even. I doubt the average person knows this.
Gold has risen 26% in the same time from $1240 then to $1570 today.
After taxes, you are actually
Posted by mamaduck on 2nd of May 2011 at 11:11 am
After taxes, you are actually losing purchasing power.
And Geithner says the US
Posted by john9o9 on 2nd of May 2011 at 11:06 am
And Geithner says the US has a "strong dollar policy"! He must be going to the Charlie Sheen school of spin!!!!
"The more the planners plan, the more the planners fail"
Posted by zach06 on 2nd of May 2011 at 11:09 am