OMG - The Dollar is Killing the Euro!

[thongd4me 69]

If we produce nothing but "services" what is the value of the dollar based on?

If the Chinese & others (Mexico, Philippines, etc) stop accepting worthless greenbacks

and we have to start producing our own, that will be because their own consumption

will be able to sustain their own production, something they have been holding back

on so far. If keeping Walmart in business is consistent with their goals they will continue

to do that. If they are not getting the return they want from that they will refuse dollars

and start buying things of REAL value in the US instead. Then WE won't be able to afford

anything sold here or by China.

[DEDixon 39]

Down to 1.2165

I'd be okay with this if wall street wasn't using it as an excuse to bail out of stocks.

[thongd4me 69]

Down to 1.2165

I'd be okay with this if wall street wasn't using it as an excuse to bail out of stocks.

The pros always hedge (play both sides) and bail out of the one less likely to turn a profit for them.

Nothing personal, just business.

If you think banks are going into the tank, buy FAZ.

If you think banks will become hugely profitable and that

government regulations will have NO teeth whatsoever,

buy FAS.

[IndigoSkies 168]

Unless you guys plan to spend hundreds of thousands of dollars in your trips, the EURO going down a few cents won't really mean much for your wallet.

Now I have to go fire up my yatch.

[Ban Hammer 13,337]

what's a yatch?

[SMR 368]

Unless you guys plan to spend hundreds of thousands of dollars in your trips, the EURO going down a few cents won't really mean much for your wallet.

Now I have to go fire up my yatch.

A drop in the Euro price of $.10 means you will save 100 dollars for every thousand Euros you buy. A decent European vacation will probably run a couple thousand Euros when you consider hotels, food, activities, and airfare (which is often priced in Euros). That means you will be saving a couple hundred dollars. That may be a drop in the bucket to those with yatches, but my wallet feels that.

[thongd4me 69]

what's a yatch?

http://www.urbandictionary.com/define.php?term=yach

1. yach 11 up, 9 down[/url]buy yach mugs, tshirts and magnetsShort for be-yach or bitchI aint goin out like that yach.by Craig S. Andersen Oct 15, 2003 share this 2. yach 2 up, 9 downbuy yach mugs, tshirts and magnetsWhen you drop a clean shot in basketball.'Damn, he just yached that three."by bballer Jun 9, 2004 share this

[DEDixon 39]

Euro: 1.1979 and falling.

[Sofiyya 1,687]

Unless you guys plan to spend hundreds of thousands of dollars in your trips, the EURO going down a few cents won't really mean much for your wallet.

Now I have to go fire up my yatch.

[Heracles 417]

Actually this is bad news for the US. It makes better built European products cheaper.

[spookyturtle 9,465]

Actually this is bad news for the US. It makes better built European products cheaper.

How does it affect Australia?

[mawilson 2,133]

How does it affect Australia?

Australian products are far superior to European and American products, so it doesn't affect them in the slightest.

[I AM NOT THAT GUY 5,715]

Australian products are far superior to European and American products, so it doesn't affect them in the slightest.

Does Australia make anything other than long-legged buxom blondes and Vegemite?

[spookyturtle 9,465]

Does Australia make anything other than long-legged buxom blondes and Vegemite?

They are good at producing arrogant know it alls.