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Originally posted by pkcRAISTLIN see, its the fact that you can't even reel off a couple of examples to a basic question is why we struggle to take you seriously; too tied in with ideology to get a firm grasp on simple economics principles. a weaker currency means that more people will be buying your goods and services. here is a basic overview of the pros and cons of currency devaluation http://www.articlesbase.com/investi...lar-224354.html

See, what you fail to realize is that the United States is a nation of consumption rather then production. What exactly is it that other nations will buy from us? And the fact that we are such large consumers further proves my point that a weaker currency is going to hurt us even more.

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disingenuous nonsense. there is absolutely no mantra that says the US has to be the strongest currency all of the time for the rest of human history ffs.

I never said that it has to be "the strongest currency of all time." Now you are just making things up.

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your currency changes every damn day. whining about a little devaluation after your country plunged the world into a hole is the most absurdly nationalisatic drivel ive heard in a while.

And the trend is that our currency is taking a nose dive. Not sure what your "nationalisatic" comment even means. Maybe you'd like to expand on that.

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unemployment seems to be a pretty big concern all around, but especially in the US, and a weaker currency attracts other people's dollars or euros or mexican pebbles. ok? so dont come in here blowing your doom and gloom horn about currency devaluation as if its the end of the world, it doesn't have to be.

I never said it was the end of the world. Of course the world will go on. It always has. Not sure why speaking the truth about the current state of affairs is being taken so personally by yourself though. Also not sure why speaking the truth is doom and gloom talk. Is it not a fact that the US dollar is at a record low for the year? Is it not a fact that unemployment and foreclosures are on the rise in the US as well? As a US citizen, this is a little troubling to me. No, it's not the end of the world, but would you like to be associated with any of those statistics?

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Originally posted by DOOMBOT What exactly is it that other nations will buy from us?

Software, books, music, porn, and pretty much everything we used to pirate because we couldn't afford the real thing

(Seriously, it is a good thing, depending on how you see it... we're having the exact opposite problem here in Brazil, because our goods have suddenly become more expensive).

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krypton, your swings in sentiment are a bit erratic my man.. You went from bull to bear to bull in less than 3 months.

Personally I'm bullish on everything right now..lol. First we had the dot com bubble then the housing bubble... Guess what bubble is being blown now? The EVERYTHING bubble. With the amount of money being printed worldwide, I see no reason for prices to decline on any assets at all. For the first time in history I expect stocks and commodities to soar together, rather than going in opposite directions. Stock markets will go up, housing prices will stabilize and start going up again, as will prices for agriculture, energy, metals, etc. Unemployment will start declining soon too. When you throw a multi trillion dollar party, a little temporary euphoria is inevitable. Just be sure you get out before the bill comes due.

P.S. I don't follow Gamestop's stock but am a a gamer, and noticed Gamestop has been having buy 2 get 1 free sales almost every other week lately..as opposed to 1-2 times a year as they used to. This could be a sign they are struggling to meet their numbers. Just fYI

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Originally posted by DOOMBOT See, what you fail to realize is that the United States is a nation of consumption rather then production.

yeah, and services.

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Originally posted by DOOMBOT What exactly is it that other nations will buy from us?

lols, come on man. i provided a link and everything. tourism, investment, agriculture, missile-guided dinosaurs with lasers. having a dominating currency in this economic climate isn't necessarily a good thing. if you want to stimulate demand, but can't, having an external provider of that demand can make a difference, even if the terms of trade re the increased demand isn't quite what it once was.

its a balancing act, and i think your assertion that a weaker currency is automatically in the "bad" column, to be a little presumptuous.

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Originally posted by DOOMBOT And the fact that we are such large consumers further proves my point that a weaker currency is going to hurt us even more.

what you've done is ignored the link i kindly provided and focused on one only 1 part of my argument.

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Originally posted by DOOMBOT I never said that it has to be "the strongest currency of all time." Now you are just making things up.

its implicit in your statements criticising dollar devaluation. if devaluation isn't acceptable, then the US must remain the dominant currency forever.

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Originally posted by DOOMBOT And the trend is that our currency is taking a nose dive.

and your trend is engaging in over-dramatic proclomations.

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Originally posted by DOOMBOT Not sure what your "nationalisatic" comment even means. Maybe you'd like to expand on that.

because your over-riding concern regarding your own currency, always and above the wants or needs of the rest of the world is classic nationalism.

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Originally posted by DOOMBOT I never said it was the end of the world. Of course the world will go on. It always has.

well, cool then

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Originally posted by DOOMBOT I never said it was Not sure why speaking the truth about the current state of affairs is being taken so personally by yourself though.

yeah, as always im a bit of bastard. sorry. its just that the centre-rights on this board sometimes get under my skin with what i see as dishonest portrayals of specific issues. for all you know, right now, a currency devaluation could be very good for the US. we simply dont know at this juncture. but capitalizt and you are all too often there to provide absolute, rigid statements i feel are inaccurate.

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Originally posted by DOOMBOT Also not sure why speaking the truth is doom and gloom talk. Is it not a fact that the US dollar is at a record low for the year? Is it not a fact that unemployment and foreclosures are on the rise in the US as well? As a US citizen, this is a little troubling to me. No, it's not the end of the world, but would you like to be associated with any of those statistics?

well of course not; i have a lot of sympathy for everyone caught up in the economic mess. and you have every right to be concerned. but i DID focus my initial question on the currency issue after all i dont think it should be included as a signifcant issue in the same sentence as unemployment or foreclosures

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Christ some people are slow... worst of it down this way was over months ago and it was pretty easy to see coming well over a year before that.
In estate its starting to boom and go hard where I am, plan a firesale of stuff in about a month and the buyers are just about ready to gnaw someone's arm off... frisky to say the least. Currency, took a punt and bought a lot of US$ when I could get it in the high 90's, still waiting for the AU$ to depreciate some more before I offload it.

Big trip tomorrow house hunting up north, can't sleep

I'm not buying shares at the moment. I'm also doing voluntary work at the local orphanage.

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I didn't do it.

for all of you skeptics of stock market investment...

I bought 1100 shares of Ford Motor last year at around a buck a share.


its trading at 8.27 right now.....


the colonel profits!

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Originally posted by pkcRAISTLIN I have 3 hobbies: gaming, DJing & correcting maladjusted fools on the internet.

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Originally posted by pkcRAISTLIN Yeah, I’d like to know what horrible, scarring incident in your childhood turned you into such an ignorant, intellectual-hating philistine?

It's not improving. It's a slight blip, and will go back down. I'm the bearer of bad news. keeping it real.

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Originally posted by colonelcrisp the colonel profits!

Nice!
Shares are still to scary at the moment, going to leave them awhile before having anything serious to do with them.

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Originally posted by Lilith Nice! Shares are still to scary at the moment, going to leave them awhile before having anything serious to do with them.

like i have told karim numerous times. only invest in sectors you have a good understanding of. If you make smart bets you can make money on your own, picking and choosing your own stocks to invest in. If you want a nice and balanced portfolio, go through a broker or an investment fund, it will pay off to have someone managing your money who knows what the hell they are doing.

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Originally posted by pkcRAISTLIN I have 3 hobbies: gaming, DJing & correcting maladjusted fools on the internet.

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Originally posted by pkcRAISTLIN Yeah, I’d like to know what horrible, scarring incident in your childhood turned you into such an ignorant, intellectual-hating philistine?

Shares paid for the majority of my first house, so I'm ok with managing my own portfolios. Just not had the time to research and forecast in that area.

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Originally posted by pkcRAISTLIN hmmmm. didn't you make some noise about the fall of the stock market after obama was sworn in? i can go and hunt for your exact quote if you make me, but i don't really wanna type "the17sss" and "obama hate" into the TA search engine in case i break it

I did... I did. But the peak was 14,000 and just looking at the stock market is not a good indicator- what kind of recovery could it be if job losses are still mounting and nobody is hiring? All indicators are that things are worse, or going to get worse than are being reported in the short term. That massive 18% drop in tax revenue to the govt., combined with out of control spending and soaring deficits is a harbinger of bad news to come.

Besides, I don't know if Krypton is the best source of economic advice. About 6 months ago I asked him hypothetically, if he had $50K lying around what he would do with it. He said he'd definitely invest a big portion of that in Caterpillar and/or other heavy construction corporations like that. Since then, Caterpillar has purged 30,000 jobs, seen profits head into the toilet, and closed down several plants. And, the construction industry as a whole is tanking. Good thing I didn't take his advice and invest in Caterpillar.
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