The EURO is collapsing and the Dollar is soaring.

Discussion in 'Economy' started by Neubarth, Mar 22, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    What a wonderful thing is happening.
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Soros is making another fortune
     
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  3. uscitizen
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    uscitizen Senior Member

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    The price of oil should drop then.
     
  4. Jos
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    Jos BANNED

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    If you really believe that nobath go into forex trading
     
  5. 52ndStreet
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    52ndStreet VIP Member

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    I have always felt the the Euro is artificially overvalued, when compared to the U.S. Dollar$$!
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    The dollar lost some of the Soaring potential as the day wore on. Consequently the jump in the Dow now is not seen as all that great. Europe has to settle the Greek issue, or their currency will continue to fall.

    Of course, that could be exactly what they want to boost European exports.

    Hey, just how corrupt is this mess?????
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    That makes absolutely no sense.

    If anything, devalued currency (euros) just makes a commodity relatively more expensive. A stronger dollar is not going to make oil cheaper - there is too much international demand and the price of gasoline in the U.S. is much cheaper than is other parts of the world.
     
    Last edited: Mar 22, 2010
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    Absolutely Correct! Of course there is the short term effect, that would tend to drive down fuel prices in the US. As we all know that is too much temptation to raise rates for American distributors, and thus, they will.
     

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