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Eurozone fears linger

Discussion in 'The Okie Corral' started by tongix, Mar 6, 2012.

  1. tongix

    tongix

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    Last edited: Mar 6, 2012
  2. Knighj1

    Knighj1

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    obummers fault
     

  3. Javelin

    Javelin Got Glock? Silver Member

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    Gold is dropping like a rock too.
     
  4. DanaT

    DanaT Pharaoh

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    And isnt it strange, that if the Eurozone is so bad, that the Euro is 1.31 to the dollar?

    I was hoping for 1.6 again.

    -Dana
     
  5. Dennis in MA

    Dennis in MA Get off my lawn

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    I thought he went to Thailand to go boink girls who look like 12 yr old boys.
     
  6. Singlemalt

    Singlemalt In the rough

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    Greece simply is not well organized here (still). It took them entirely too long to get the exchange offer out which limits the abilities of the smaller institutions.

    I still think a hard default is still in the cards.
     
  7. Z71bill

    Z71bill

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    Why do you want a weaker dollar VS the Euro?
     
  8. Zell

    Zell IrregularMember

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    The economics of any country are always on a tightrope -- fluctuating this way and that and so ultra sensitive to any hint of a falling-through somewhere. All it takes is for someone to fart and the markets drop like crazy.
     
    Last edited: Mar 6, 2012
  9. DanaT

    DanaT Pharaoh

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    Because I get more money that way.

    -Dana
     
  10. Dennis in MA

    Dennis in MA Get off my lawn

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    Why would you want a stronger dollar??? We don't import a tone from the Eurozone, but we could export a whole lot more at higher exchange rates. Our goods will look cheaper.

    Go figure. What is China doing? They are spending a lot of their free cash keeping the Yuan low vs. the dollar. Any wonder why?

    Despite what Reagan, Bush I, Clinton, BushII and Obama say, a strong dollar is the root of future economic problems in this country. Dollar down, exports up, more jobs here. (It will have a potential for inflationary pressures here - if let run amok. Less-than-amok, it just makes imports more expensive as more of our stuff gets labeled MADE IN THE USA.)
     
  11. Z71bill

    Z71bill

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    We have not had a true strong dollar policy since before Nixion was POTUS. Have we?

    All Reagan, Bush I, Clinton, BushII and Obama ever did was talk about a strong dollar policy as our currency was being devalued. You need to look at what these guy do - not what they say.


    You really think we can devalue our way to prosperity?

    A weak dollar can appear to help in the short term - but in the long run a strong dollar is better. I think you have the right idea when you point out inflation as one issue.

    I understand why so many think this is a solution - I really do - Lot of people want an easy no pain solution to a complex situation.

    But a weaker dollar is like a hidden tax - a cut in pay - an erosion in net worth.

    I would much rather have a stable dollar VS one that is getting weaker.


    Maybe the question is -

    How much would the dollar need to weaken before Apple would move the production of the IPAD out of China and into America?

    :wavey:
     
    Last edited: Mar 10, 2012
  12. Z71bill

    Z71bill

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    You get paid in Euros?