U.S. Dollar makes huge rebound againts the Euro, and other currencies.

[52ndStreet]

The U.S. Dollar made a huge rebound againts the Euro Today.Worries about the European Unions overall economic future, were reasons stated for the Dollars dramatic rebound. I always felt that the Euro was over valued,when compared to the Dollar.

 

[editec]

The dollar is rebounding somewhat because the price of oil is going down and that means the economy will get stronger so people have greater confidence in it.

Values of species are all about confidence, ya know?

Perception is reality.. at least until reality shows the market mavens that they've been collectively deluding themselves, at least.

 

[Zoomie1980]

The U.S. Dollar made a huge rebound againts the Euro Today.Worries about the European Unions overall economic future, were reasons stated for the Dollars dramatic rebound. I always felt that the Euro was over valued,when compared to the Dollar.

No surprise. The dollar is as overdone on the down side as housing in the US and oil was on the upside.

Oil now down to $115, that's a 25% cave-in in less than a month and that is pretty unprecedented. Lots of margin calls out there, but then lots of major windfalls on the shorts.

 

[Paulie]

Yeah, I'm sure the ECB has nothing to do with it at all.

And I'm sure our almost TRILLION dollar trade and budget deficits are going to skyrocket the dollar into astronomical international value, too. Not to mention the many banks and other major corporations that have still yet to completely collapse.

Let's get all giddy about a week long rebound, and ignore the long term writing on the wall.

 

[Toro]

The dollar has bottomed.

Short the euro.

 

[Zoomie1980]

The dollar has bottomed.

Short the euro.

I started shorting euros over a month ago. Should swallowed a bitter political pill and SPECULATED on oil as I posted here when it hit the $130's it was at or near the top and would cave, and cave fast when started. Speculators will probably drive it down as hard as they drove it up, overdoing it yet again.....

 

[Charles_Main]

The dollars gains Vs he Euro have more to do with recent horrible Economic Numbers in Europe than Anything else. That and the dropping price of Oil.

EU nations are facing Stagnant to Negative Economic Growth. A price of their Many Socialist programs. The Future does not look bright for them. They have some serious rethinking of their entitlement programs coming. As I have said for years, their socialist programs are unsustainable in the long run, Their aging Populations will bury them in Debt if they do not make some major changes.

 

[Paulie]

I'll short the Euro, but not because I think the dollar has bottomed.

 

[editec]

Let's get all giddy about a week long rebound, and ignore the long term writing on the wall.

SPOT on, Paulitic.

 

[editec]

The dollars gains Vs he Euro have more to do with recent horrible Economic Numbers in Europe than Anything else. That and the dropping price of Oil.

EU nations are facing Stagnant to Negative Economic Growth. A price of their Many Socialist programs. The Future does not look bright for them. They have some serious rethinking of their entitlement programs coming. As I have said for years, their socialist programs are unsustainable in the long run, Their aging Populations will bury them in Debt if they do not make some major changes.

As Europe's population is aging even more quickly than ours, I completely agree with those of you who claim our current system is unsustainable.

Japan is in the same boat, incidently.

 

[Ravi]

As Europe's population is aging even more quickly than ours, I completely agree with those of you who claim our current system is unsustainable.

Japan is in the same boat, incidently.

A very good reason to give amnesty to millions of immigrants.

 

[editec]

A very good reason to give amnesty to millions of immigrants.

Yes, that is the best part of the argument for doing that, to be sure.

 

[Paulie]

A very good reason to give amnesty to millions of immigrants.

So millions more follow the example and the precedent that was set, and continue to jump fences and cross borders hoping for the same rewards?

Why do we even have immigration laws at ALL then? Let's just open the borders and let em all pour in.

 

[editec]

So millions more follow the example and the precedent that was set, and continue to jump fences and cross borders hoping for the same rewards?

Why do we even have immigration laws at ALL then? Let's just open the borders and let em all pour in.

And THAT is the best argument AGAINST amnesty.

Incidently, my son, who was raking blueberries yesterday, had the experience of having 20 Hatians decend on that field offering to rake blueberries for half the going rate.

The owner, is considering it, of course.

Now, do I blame the countless generations of American Maine kids who cannot work as hard a desperate Hatian grown men?

Do I blame the Hatians for being deperate enough to want to do that work at half pay?

Or how about I blame the owner who would like to see a decent return on his investment for the fields...something that is damned hard to count on most years?

How about this?

I can't blame any of them.

 

[cbi0090]

And THAT is the best argument AGAINST amnesty.

Incidently, my son, who was raking blueberries yesterday, had the experience of having 20 Hatians decend on that field offering to rake blueberries for half the going rate.

The owner, is considering it, of course.

Now, do I blame the countless generations of American Maine kids who cannot work as hard a desperate Hatian grown men?

Do I blame the Hatians for being deperate enough to want to do that work at half pay?

Or how about I blame the owner who would like to see a decent return on his investment for the fields...something that is damned hard to count on most years?

How about this?

I can't blame any of them.

Exactly, that is the real problem. The solution lies between total amnesty and re-establishing some kind of immigration law and order. Making scapegoats out of anyone in the picture is a shortsighted off-the-hip view that serves no one in the end and only creates division and ill will. I won't trust a politician who won't see that and instead wants to use it as a scare tactic.

 

[Ravi]

So millions more follow the example and the precedent that was set, and continue to jump fences and cross borders hoping for the same rewards?

Why do we even have immigration laws at ALL then? Let's just open the borders and let em all pour in.

Pauli, you can't look to me for all your answers.

If you guys are worrying about an aging population the answer is new blood instead of shadow people that aren't ever going to be loyal to America.

 

[52ndStreet]

It seems the Europeans can't even agree upon a constitution for the European Union.
They seem to always be at each others throats, ie, the conflict in the former Yugoslavia,
and now Georgia, Ossetia.
I can understand why the world still maintains the U.S. Dollar, as the main currency for the business of the World today.The Euro is not as secure as the American dollar.

 

[Charles_Main]

No amnesty with out first making sure no more can follow the same way.

I have no problem with amnesty as long as we fix things so millions more do not follow.