Which way is the Dollar going?

[m21sniper]

Originally Posted by Hugh R

Two years ago in London, I noticed that they have a 1 pound (as in currency) menu that was the exact same as the $1 menu in the US for the exact same thing. I don't see how people live in London. $600/night for a hotel room that was about the size of my master bathroom. Sheesh!

Now you know how people in Philly think about people in LA.

LOL...

[island911]

Originally Posted by Porsche-O-Phile

Inflation is a tinderbox right now. Yes, it's being kept in check by a seriously deflating economy for now, but I have a hard time believing this can stave it off forever. ......

The part that you are missing is in how much new money was being created in the form of bank loans for ever-bubbling real estate. The amount of new dollars being created seems to be mostly/only in an effort to fill that hole . .a bit.

The fact of the matter is housing prices need to fall (deflation) to be more inline with wages.

Certainly there are those ringing the bell of "Buy gold - massive inflation is on it's way" BUT those are the same people who want you to buy the gold that they have. --certainly, if they felt that the gold would be worth sooooo much more in the future, they would just sit on it until then. ...how much do they spend on ad's to move the stuff?

[RPKESQ]

Originally Posted by tabs

It isn't strong because of anything America has done...it is because the others are so bad that they have declined.

All we have done is upped the spending.

This is BS. The Euro has gained on the dollar pretty steadily for years now.

[tabs]

Originally Posted by RPKESQ

This is BS. The Euro has gained on the dollar pretty steadily for years now.

My comment was time specific to around the crash. The USD did climb in value from apx $2 USD to the Pound to apx $1.40 USD to the Pound. It is nmow around $1.62 USD to the Pound. Long term it has hovered right around $1.50 USD to the Pound.

At one time the not too long ago the USD and EU had parity...then with the oil bubble the EU became stronger and with the crash went back to pairity..and now the USD is at $1.42 to the EU. I don't follow the EU as closely as I do the Pound, AU or CDN $.

And yes long term the USD has been on the decline..to now it is $1.62 USD to the Pound. It will continue to decline with the big spenders and national debt makers policies and programs in Washington.

[tabs]

Every morning I check the Major Stock indexes, CRB, Oil, Gold, Treasury rates and currency exchange rates. Have been doing it for 20 years.

Slow errosion of the USD is the forcast.

[John_AZ]

When the Pound equals the Euro, the United Kingdom will switch to the Euro.

John_AZ

[pksystems]

I can't wait till the Canadian dollar is worth more again..... that is, unless the Bank of Canada has their way and continue to devalue it to stay below the USD. Gotta save the manufacturing here that gets paid in USD..... Anyone in Canada that makes $$ off a weak dollar can move to India..etc...