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âA miracle is needed to avoid recessionâ
- Thread starter ASusilovic
- Start date
It was only 5 or six years ago our Australian dollar was buying 50-60 US cents now its 93, almost parity. Our exporters over that period have been making money, in the last 6 years our index has doubled!
The Japanese know the value of a "weak" currency and they manipulate the shit out of their yen. A "weak" (competitive) currency is an opportunity. Take advantage of the opportunities which present themselves.
The glass is half full. Divorce your wives and see the good in the world! Living with those "high maintanence bitches" always wanting their Cartier stuff etc. can make one depressed when you have to buy things with your dollar$.
The Japanese know the value of a "weak" currency and they manipulate the shit out of their yen. A "weak" (competitive) currency is an opportunity. Take advantage of the opportunities which present themselves.
The glass is half full. Divorce your wives and see the good in the world! Living with those "high maintanence bitches" always wanting their Cartier stuff etc. can make one depressed when you have to buy things with your dollar$.
Quote from Alex_in_Oz:
Ah you patriots amuse me. Where is the confidence in your own economy?
US equities present excellent LONG TERM value.
I never heard of a recession when GDP in the last two quarters is just shy of 4%.
You Americans are glass half empty types aren't you?
Maybe you need to divorce your wives and get a life!
I'm not a gloom and doom person like many around here, i.e. I don't believe the financial universe is going to implode and we should all head for the Mosquito Coast.
But, that said, what you may be missing is that there really is a fundamental difference: for the first time, many of the smaller third world countries actually have much better economic fundamentals than the good ol US of A. Our economics are very weak in many key areas: we have a trade deficit, a budget deficit, a credit crisis, poor savings rate, credit burdens in both corporate and private sectors, etc., etc. - this list could go on.
I don't feel I'm being unpatriotic by saying that - it's just a fact. Yes, we have excellent freedom, creativity and technology in this country and that will probably always make us the leader in many key areas and I wouldn't want to be a citizen anywhere else.
But if our economy has fundamental weaknesses, we need to be honest about it...
Quote from Alex_in_Oz:
It was only 5 or six years ago our Australian dollar was buying 50-60 US cents now its 93, almost parity. Our exporters over that period have been making money, in the last 6 years our index has doubled!
The Japanese know the value of a "weak" currency and they manipulate the shit out of their yen. A "weak" (competitive) currency is an opportunity. Take advantage of the opportunities which present themselves.
The glass is half full. Divorce your wives and see the good in the world! Living with those "high maintanence bitches" always wanting their Cartier stuff etc. can make one depressed when you have to buy things with your dollar$.
I agree totally with you here. I own a lot of US exporters and they're doing very well...
And I've got a good woman - I'm not getting rid of her either!
Quote from billdick:
half right. Yes the market (the DOW) will go up, but that does not mean the value of owning all the stocks that make up the DOW will increase.
The Dow is measured in dollars - as the value of the dollar drops more will be required to buy the underlying value of the companies. Part of the mechanism by which this will occur is that with the dropping value of the dollar, foreigners can pay more dollars for the stocks in the DOW at the same net cost to them.
Do not be confused by the DOW's number. It reflects both the dollar and the value of the companies in the DOW. This may be more obvious to you if you imagine that the Treasury called in all old dollars (as an anti-counterfit measure perhaps) and issued 10 "new dollars" for each. Over night the DOW would go up 1000% but no change in its value or real worth would occur.
LOL up is up, chump
When the dow goes up 20% my stocks go up 50% and EWZ and FXi go up 40%, so either way I beat inflation and make lots of money.
Quote from billdick:
half right. Yes the market (the DOW) will go up, but that does not mean the value of owning all the stocks that make up the DOW will increase.
The Dow is measured in dollars - as the value of the dollar drops more will be required to buy the underlying value of the companies. Part of the mechanism by which this will occur is that with the dropping value of the dollar, foreigners can pay more dollars for the stocks in the DOW at the same net cost to them.
Do not be confused by the DOW's number. It reflects both the dollar and the value of the companies in the DOW. This may be more obvious to you if you imagine that the Treasury called in all old dollars (as an anti-counterfit measure perhaps) and issued 10 "new dollars" for each. Over night the DOW would go up 1000% but no change in its value or real worth would occur.
LOL up is up, chump
When the dow goes up 20% my stocks go up 50% and EWZ and FXi go up 40%, so either way I beat inflation, falling dollar and make lots of money.