USD, how low!!! | Page 2 | FerrariChat

USD, how low!!!

Discussion in 'Other Off Topic Forum' started by 3604u, Nov 13, 2007.

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  1. Oengus

    Oengus F1 World Champ
    Rossa Subscribed Silver Subscribed

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

    SRT Mike Two Time F1 World Champ

    Oct 31, 2003
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    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.
     
  3. Sieze Giorno

    Sieze Giorno Formula Junior

    Jun 5, 2005
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    Get on the right side of the trade and it won't :)

    It's not over yet boys!
     
  4. MS250

    MS250 Two Time F1 World Champ
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    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.
     
  5. Sieze Giorno

    Sieze Giorno Formula Junior

    Jun 5, 2005
    547
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    +1
     
  6. MS250

    MS250 Two Time F1 World Champ
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    I forgot to add.

    "God bless America" at the end of it :D
     
  7. Sieze Giorno

    Sieze Giorno Formula Junior

    Jun 5, 2005
    547
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    :D absolutely!

    And Happy Thanksgiving!
     
  8. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    Mar 18, 2002
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    #33 JSinNOLA, Nov 22, 2007
    Last edited by a moderator: Sep 7, 2017
    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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  9. Sieze Giorno

    Sieze Giorno Formula Junior

    Jun 5, 2005
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    You beat me too it! Wow 1.5!
     
  10. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    Not yet! Just like Light Sweet Crude hasn't quite techincally touched $100 ;)
     
  11. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
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    you're so funny rick.
     
  12. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    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.
     
  13. goezfaster

    goezfaster Karting

    Sep 18, 2007
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    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.
     
  14. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    Everything was gravy for the USD in Japan until the carry trade began to unravel in Jul.!
     
  15. SrfCity

    SrfCity F1 World Champ

    #40 SrfCity, Nov 26, 2007
    Last edited by a moderator: Sep 7, 2017
  16. RussianM3_dude

    RussianM3_dude F1 Rookie
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    Mar 15, 2004
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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.
     
  17. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
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  18. SrfCity

    SrfCity F1 World Champ

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

    JSinNOLA Two Time F1 World Champ
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    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.
     
  20. Fred2

    Fred2 F1 World Champ
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    But, it does make it easier to use the cheap labor in Mexico, and screw over the USA and Canada's working class.
     
  21. Westworld

    Westworld Three Time F1 World Champ
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    I can't see North America and Latin/South America joining up with the government and policies in the state they are in today.
     
  22. SrfCity

    SrfCity F1 World Champ

    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.
     
  23. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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    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.
     
  24. SrfCity

    SrfCity F1 World Champ

    #49 SrfCity, Nov 26, 2007
    Last edited by a moderator: Sep 7, 2017
    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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  25. JSinNOLA

    JSinNOLA Two Time F1 World Champ
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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.
     

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