Reversal of the dollar

[Nine_Ender]

Quote from piezoe:

Hmm. You've hit on the heart of the matter and it is rather depressing to realize that our productivity is just too low to support our standard of living. We have spent resources unwisely, and turned a blind eye to slow erosion of the middle class. We took baby steps, and some a little larger, in the wrong direction because someone or something convinced us it was the right thing to do, and the damage done was, at first, almost imperceptible. Now, after all these steps in the wrong direction, we have suddenly woken up to find that we are in a mess.

We are in the very early stages of figuring out what went wrong, and we haven't got that right yet; so far we've mostly been pointing at strawmen, e.g. entitlements or Obama care. Eventually we will be forced to acknowledge the real mistakes; the cannibalizing of the the private sector; the unproductive spending in the public sector. (Or as Denner astutely points out, we must acknowledge that the public sector feeds off of the private sector.) If we fail to learn from our mistakes and take meaningful corrective action, then the alternative is a slow slide to the low end of mediocrity and continued drift toward a police State. In the meantime, while we are waiting for corrective action that will improve our national productivity, the standard of living among the middle class will go down. Your children will not be as well-off as you are.

With respect to trading, it is extremely important to realize that the US is for now in much worse shape economically then many other parts of the world. So while you may be experiencing a downturn in the US that many Americans are unfamiliar with, multinationals are doing very well in the current world economy. This fact alone would explain why many Americans don't understand the current stock market.

I fully expect the US will find a way to address its problems. I would suggest higher taxes ( particularily on the wealthy ) and requiring some of those multinationals to share the wealth with your people ( for example, hiring Americans ) is part of the solution. Less military spending, universal health care, better education standards, and throwing less people in jail might help.

I'm not sure if there is the political willpower to get things done, but Obama's government is doing a massively better job then anything George W. could ever dream of doing.

 

[Larson]

Quote from Nine_Ender:

With respect to trading, it is extremely important to realize that the US is for now in much worse shape economically then many other parts of the world. So while you may be experiencing a downturn in the US that many Americans are unfamiliar with, multinationals are doing very well in the current world economy. This fact alone would explain why many Americans don't understand the current stock market.

I fully expect the US will find a way to address its problems. I would suggest higher taxes ( particularily on the wealthy ) and requiring some of those multinationals to share the wealth with your people ( for example, hiring Americans ) is part of the solution. Less military spending, universal health care, better education standards, and throwing less people in jail might help.

I'm not sure if there is the political willpower to get things done, but Obama's government is doing a massively better job then anything George W. could ever dream of doing.

360 degree turnaround. Sounds like a pipe dream to me.

 

[zdreg]

Quote from intradaybill:

Pending debt restructuring of at least three countries in the EU will trigger massive dollar buying. They are trying to avoid it but it will happen at the end. It is possible to see EURUSD at 1 in a matter of a few days. Remember the collapse of the Pound that made Soros rich(er)?

"It is possible to see EURUSD at 1 in a matter of a few days. Remember the collapse of the Pound that made Soros rich(er)?
very unlikely the Euro would move anywhere near what u are suggesting. remember we are talking about 2 garbage currencies.

"
By leveraging the value of his fund, Soros was able to take a $10 billion short position on the pound, which earned him US$1 billion. This trade is considered one of the greatest trades of all time."
that was a 10% change in the value of the BP which is not even close to the value you are suggesting as a change in the euro.