USD, how low!!!

PBI.......let me guess, your a Canadian manufacturer with mostly US customer base?

 

There is an innate strength and support level in the US economy.

You can adjust various factors to adjust what trends are up and what are down, but overall you can't create strength where it isn't.

We can drop the fed and create cheap money - great for investment, but causes inflation and bad for the exchange rate. We can inject money and get much the same result. But overall you can't cover for bad fundamentals. The housing crunch, lowered consumer confidence, and high energy costs are things that can't be fixed with adjusted interest rates.

 

Get on the right side of the trade and it won't

It's not over yet boys!

 

With a lame duck President that has no respect around the world, the highest national debt in its history, an aging population, and a health care in dispair....it will be at least 5-10yrs before the US as a whole gets out of this mess.

 

+1

 

I forgot to add.

"God bless America" at the end of it

 

absolutely!

And Happy Thanksgiving!

 

So true...thread moved to Other Off Topic.

Is the last part of your post meant to be serious? As to the first part, there are advantages in terms of trade deficit to a weaker dollar. Just how weak is another question entirely but above 1.60 begins to get pretty dicey.

Interesting timing considering that in the past 5 minutes the USD against the Eur has hit the all time low. I'll post the 5-min chart and a chart starting January 2005.

For all the unsubscribed users who want more detailed discussion of such issues I suggest considering a Silver or Rossa subscription so you can access Fchat's private business section. There are threads about this, threads about economics, threads about daytrading, etc...
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You beat me too it! Wow 1.5!

 

Not yet! Just like Light Sweet Crude hasn't quite techincally touched $100

 

you're so funny rick.

 

Anyone who is trading the USD is specifically looking at the Existing Home Sales data due out Wednesday at 10 am EST. It is possible, but not likely in my opinion, we will touch 1.5000 before that release if consumer confidence figures are terrible on Tuesday.

 

Heck, I keep a place in T.O. and the States. Its cost me large as I spend a bunch every month in T.O.. Of course its worth it as the night life in T.O. is sooo much better than in the rust belt and the women have so much more class. Hell, some can actually cook! Lol All kidding aside I am thinking about buying a place in T.O. but will wait a bit as prices are high to begin with up there and the dollar is so weak. May have to wait a bit. From time to time I am in Asia and the dollar hurts over there also.

 

Everything was gravy for the USD in Japan until the carry trade began to unravel in Jul.!

 

Yep. Google, North American Union.

http://www.vivelecanada.ca/staticpages/index.php/20060830133702539
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Soon countries will begine to outsource TO the US. Call center employees in Alabama will go by the name Pierre and will try to speak with a French accent.

 

Is that a $20 coin? WTF?

 

LOL. And when you ask them where they live they'll lie about it or change the subject

 

The reason I asked was because it is fundamentally agreed upon by most that it makes almost no sense whatsoever for the strong economies of Canada and United States to prop up the substantially weaker Mexican economy.

 

But, it does make it easier to use the cheap labor in Mexico, and screw over the USA and Canada's working class.

 

I can't see North America and Latin/South America joining up with the government and policies in the state they are in today.

 

Exactly. Everything turns into global business.

It's already in the cards. They've been building the transportation super corridor in Texas to link North and South America. North American Union, NAU for short.

 

Opening trade routes is far far different than integrating weak economies into substantially stronger ones. Look at the UK and their decision to remain out of the EU as an example and then realize that comparing the Canadian or U.S. economy to Mexico would be like comparing the UK's economy to Croatia in terms of competitiveness.

 

We're not just talking trade routes it's a North American Union.(NAU) It's coming. Read this:

Denying the North American Union
http://www.truthnews.us/?p=990
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Again, the costs to the Canadian an US economy far outweigh the benefits. Very basic economics at play here.

Tell me why the UK has yet to join the EU.