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The future of the USA - 2012-2016: An insolvent and ungovernable United States
- Thread starter Andromeda
- Start date
And what major world ccies might those be then? The mighty Euro? The unstoppable Sterling? The pegged Yuan? The wonderful housing-bubblicious Aussie? Moreover, would't the 30% drop in the Dollar exchange rate have the obvious implications for the imports of consumer goods.Quote from Andromeda:
We anticipated that 2012 would see a 30% drop in the Dollar against major world currencies. In this economy, which imports the bulk of its consumer goods,...
I would not harp on the word major. perhaps the swiss currency will become more overvalued. perhaps the yuan will become more flexible.
perhaps the dollar will depreciate against the mexican peso and other asian countries. perhaps the russian ruble will be ascendant.
it is a race to the bottom for the dollar and euro with all the attendant chaos and pain. it is fiat currency that is reaching a tipping point.
perhaps the dollar will depreciate against the mexican peso and other asian countries. perhaps the russian ruble will be ascendant.
it is a race to the bottom for the dollar and euro with all the attendant chaos and pain. it is fiat currency that is reaching a tipping point.
Well, quite clearly the Swiss have had all the overvaluation of the Swiss Franc they're prepared to tolerate. The yuan, yes, perhaps it will become more flexible. Perhaps it will happen before pigs fly, 'cause it sure as hell doesn't seem to be happening at the moment, what with all the issues China finds itself facing. And no EM currency (MXN, INR, IDR, MYR, whatever) is likely to perform in an environment where the US, and, by extension, the whole world, is going to hell in a hand basket.Quote from zdreg:
I would not harp on the word major. perhaps the swiss currency will become more overvalued. perhaps the yuan will become more flexible.
perhaps the dollar will depreciate against the mexican peso and other asia countries.
it is a race to the bottom for the dollar and euro with all the attendant chaos and pain.
All I am trying to say is that it's folly to blithely state that the USD is just going to depreciate 30% against world ccies (major or otherwise) in a scenario that these people describe. It's a lot easier for me to imagine that the USD depreciates 30% by losing its reserve ccy status in a situation where all is well and the world is able to rebalance (yuan and other EM ccies float, etc).
That's my Z$2c, anyways...
Quote from Martinghoul:
Well, quite clearly the Swiss have had all the overvaluation of the Swiss Franc they're prepared to tolerate. The yuan, yes, perhaps it will become more flexible. Perhaps it will happen before pigs fly, 'cause it sure as hell doesn't seem to be happening at the moment, what with all the issues China finds itself facing. And no EM currency (MXN, INR, IDR, MYR, whatever) is likely to perform in an environment where the US, and, by extension, the whole world, is going to hell in a hand basket.
All I am trying to say is that it's folly to blithely state that the USD is just going to depreciate 30% against world ccies (major or otherwise) in a scenario that these people describe. It's a lot easier for me to imagine that the USD depreciates 30% by losing its reserve ccy status in a situation where all is well and the world is able to rebalance (yuan and other EM ccies float, etc).
That's my Z$2c, anyways...
umm issues that China is facing?
Care to elaborate?
It's like me saying Martinghoul has issues and everyone knows it
without elaborating your post sound too immature even for net
Quote from alexandermerwe:
Hi troll. Real estate prices are above pre-bubble trend and along their pre-bubble inflation adjusted trend
http://www.jparsons.net/housingbubble/
Compared to other countries with regimes that you possibly admire and like - judging from your tone that is - US is doing very well.
The rest do not even deserve a comment because they demonstrate a total lack of understanding of global economics.
Bye troll.
Wow, data provided by the National Association of Realtors... no incentive to pad things there!
Quote from DreamAlloy:[/i
umm issues that China is facing?
Care to elaborate?
It's like me saying Martinghoul has issues and everyone knows it
without elaborating your post sound too immature even for net
Well, seeing as how this is a discussion on a trading website, in an Economics forum, I naturally assumed that the participants would be following the recent news, developments, etc. Clearly, you're one participant in this discussion that isn't on top of stuff. Would you like me to point you to some places where you can find info, analysis, etc?
Quote from Martinghoul:
Well, seeing as how this is a discussion on a trading website, in an Economics forum, I naturally assumed that the participants would be following the recent news, developments, etc. Clearly, you're one participant in this discussion that isn't on top of stuff. Would you like me to point you to some places where you can find info, analysis, etc?
give a man fish you feed him for a day
teach him how to fish you feed him for a lifetime.
teach him how to use search. unfortunately the poster is another example of the feely good and give me american educational system.