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US Dollar New Low

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US Dollar New Low

Unread postby deMolay » Tue 22 Sep 2009, 21:32:02

The US dollar hit 75.90 today at the same time gold hit 1017/oz.. Not good signs.
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Re: US Dollar New Low

Unread postby Revi » Tue 22 Sep 2009, 21:49:45

I thought it had hit a plateau, but there was further to fall.

It will end up rippling through the economy.

We may return to inflation like last year.

Check ot what Faber has to say about the US Economy:

http://finance.yahoo.com/tech-ticker/ar ... ng,xom,pfe
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Re: US Dollar New Low

Unread postby deMolay » Tue 22 Sep 2009, 22:10:20

I disagree over the last 2 years GIC's have paid more than stocks.
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Re: US Dollar New Low

Unread postby Buggy » Tue 22 Sep 2009, 22:32:34

It's all good. Don't worry. The stock market is up, Bernanke has been reappointed, Obama is, well, no comment, but hey recovery's under way! Come on in, the water's warm...
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Re: US Dollar New Low

Unread postby yesplease » Mon 28 Sep 2009, 04:58:45

Anyone think the dollar will drop below the 71+ we saw a bit over a year ago?
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Re: US Dollar New Low

Unread postby Gerben » Mon 28 Sep 2009, 06:04:37

I expect it will. 71 wasn't enough to turn the tide on the trade deficit. And then there is also money creation.
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Re: US Dollar New Low

Unread postby Quinny » Mon 28 Sep 2009, 06:06:31

Drops far enough the world might start buying Fords again!
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Re: US Dollar New Low

Unread postby Revi » Mon 28 Sep 2009, 07:56:42

The world is buying Fords now. They are the only car company that has cars the average person can afford. The Focus and the Ranger work for those of us who want to get around and not break the bank.

When they come out with the electric focus next year they will have the model T that makes electric transportation affordable to the masses just like Henry did 100 years ago.
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