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Otteralum
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« on: October 13, 2009, 12:12:14 PM » |
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Dollar is pretty low today -- trading $1.48 to the Euro. So, how low will it be at year's end? Any takers?
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"Life is Relationships"
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azbob
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« Reply #1 on: October 13, 2009, 01:38:42 PM » |
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Otter, I don't have a clue, but I'm glad to see you here!!!!!!
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Hang on tight to your dreams
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clover
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« Reply #2 on: October 13, 2009, 01:51:18 PM » |
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As long as it's still 2 to 1 in SP....I'm happy.
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Never argue with a fool. They'll drag you down to their level and beat you with experience.
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DrKyle
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« Reply #3 on: October 13, 2009, 02:01:20 PM » |
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I could forsee the dollar going to 2.00 vs the Euro. America is printing money as fast as it can, and we all know the inevitable result. The question we really have to ask is how long foreign central banks are going to keep buying our dollar in order to prop it up. They stop buying, the US dollar joins Ted Kennedy in hell.
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rykat
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« Reply #4 on: October 13, 2009, 02:08:39 PM » |
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OOOOOOOOOOOOOOOOOOOO I like that!  |
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IMPEACH OBAMA!
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Moose in Belize
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« Reply #5 on: October 13, 2009, 02:48:42 PM » |
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Funny, I don't see it as the US$ going lower, I see it as the CDN$ going higher. Par is in sight once again. Who would have thunk it a year ago? If the airfares come down, Canadians will be flocking to AC.
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Keep an open mind and something good may fall in.
Grazing north of the 49th parallel.
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walleye
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« Reply #6 on: October 14, 2009, 11:10:35 AM » |
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By end of year, somewhere in the $1.60-1.65 range to the Euro.....
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deadserious
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« Reply #7 on: October 14, 2009, 12:19:51 PM » |
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Funny, I don't see it as the US$ going lower,
As long as we keep printing money to pay for fake stimulus bills, the dollar will continue to drop. |
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Now back to your regularly scheduled drivel...
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2Aggies
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« Reply #8 on: October 14, 2009, 12:31:07 PM » |
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Walleye is on the money (no pun intended). $1.60 - $1.65 is the range I have forecast.
Our dollar will slide until the rest of the world stops buying our debt. When they do - we start a major recession and potentially the second largest depression in our countries history. Without starting another controversy here, the best thing that could happen is China stops buying debt. We need to be in control of our own financial stability, which we do not have right now. Selling debt to third parties is a risky move and we need to stop the practice. No one seems to realize this is going to hurt a lot more before it get's better. The market is giving everyone a false sense of recovery will the psuedo-gains they keep posting.
We are selling debt most people's grand children will not pay off. Payoff debt and start saving cash. Obama's encouragement to spend is the wrong idea.
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Beer tastes better with sand between your toes and the reef in view!
Why is that Captain Ron?
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walleye
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« Reply #9 on: October 14, 2009, 01:10:32 PM » |
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Right on the money 2Aggies!!
We are currently paying out $500M per day in interest.....Obama doesn't have a clue what is going to happen down the road with his financial irresponsibility.
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Otteralum
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« Reply #10 on: October 14, 2009, 01:31:58 PM » |
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"Life is Relationships"
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clover
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« Reply #11 on: October 14, 2009, 01:42:55 PM » |
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Right on the money 2Aggies!!
We are currently paying out $500M per day in interest.....Obama doesn't have a clue what is going to happen down the road with his financial irresponsibility.
The bastard that ran up at least 7 trillion of that debt is kickin it in Dallas Texas.........The Iraq war was a direct loan from the Chinese so the bastard could keep the American people oblivious to the cost of the war.........and those tax cuts really helped out the filthy rich....and we're paying for that now. In the meantime what would you suggest we do with the debt and deficit to correct the problem? It's so easy to kick the shit out of the messenger......but he's just the messenger. |
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Never argue with a fool. They'll drag you down to their level and beat you with experience.
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deadserious
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« Reply #12 on: October 14, 2009, 01:50:32 PM » |
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Obama is far from the messenger. Yes, Bush was bad. He overspent. He was a bastard. But Obama is doing the same thing.
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Now back to your regularly scheduled drivel...
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Otteralum
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« Reply #13 on: October 14, 2009, 01:51:30 PM » |
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$7 trillion?! Wow! Would love to see how you came-up with that figure! Iraq was a huge mistake -- I can't defend it regardless of cost. However, if you want to compare Bush administartion deficit spending to Obama deficit spending, you'll have to be very careful. Just a messenger?  ? Please! http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/# |
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"Life is Relationships"
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clover
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« Reply #14 on: October 14, 2009, 01:55:56 PM » |
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debt Otter.....debt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Never argue with a fool. They'll drag you down to their level and beat you with experience.
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