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EUR/USD = 1.5132
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| R!CH |
Bernanke signals further rate cut to boost US economy
Xinhua, China - 2 hours ago
2/27 (Xinhua) -- Federal Reserve Chairman Ben Bernanke told Congress on Wednesday the central bank will again lower interest rates to boost US economy.
try and stop me! |
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| Clovis |
"Our economy is strong"
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| refuge |
| I'll believe it when I see it. |
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| D:Jay |
| Something tell's me that Bernanke is getting geared up for his Ibiza Trip. :toothless |
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| R!CH |
| quote: | Originally posted by D:Jay
Something tell's me that Bernanke is getting geared up for his Ibiza Trip. :toothless |
that would be counterintuitive seeing how the dollar is getting weaker by the day :toothless that's actually why i made this thread... the direction things are going, ibiza '08 is gonna hurt even more than last year when it hit record lows of 1.3. $1000 usd buys me 100 fewer euros now :( |
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| Clovis |
| My European friends are loving vacationing out here... |
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| skizzell |
The dollar may be in a world of pain, but investing wisely in the right global sectors easily makes up for that. Wherever one area is sluggish, a different area is booming. Just have to balance your portfolio right.
Easier said than done, of course. YMMV. ;) |
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| R!CH |
| quote: | Originally posted by skizzell
The dollar may be in a world of pain, but investing wisely in the right global sectors easily makes up for that. Wherever one area is sluggish, a different area is booming. Just have to balance your portfolio right.
Easier said than done, of course. YMMV. ;) |
on the investment end yes, but you are still getting paid in and spending in dollars. there's no way around being a loser when the dollar inflates like this... well, unless you're in the tourism industry :o |
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| HotDogWater |
| quote: | Originally posted by R!CH
that would be counterintuitive seeing how the dollar is getting weaker by the day :toothless that's actually why i made this thread... the direction things are going, ibiza '08 is gonna hurt even more than last year when it hit record lows of 1.3. $1000 usd buys me 100 fewer euros now :( |
better exchange your cash now then, before it gets worse! |
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| skizzell |
| quote: | Originally posted by R!CH
on the investment end yes, but you are still getting paid in and spending in dollars. there's no way around being a loser when the dollar inflates like this... well, unless you're in the tourism industry :o |
I suppose I am speaking from a longer term investment standpoint. Because, yeah, you're getting paid in dollars -- and when this works itself out within a couple years or so, your portfolio won't know the difference.
As far as liquid money, well, I would hope that Americans prepare for hardships and short-comings, but of course that's wishful thinking. :rolleyes: I really can't have sympathy toward people who don't plan for obvious future situations. We may be the powerhouse of the world, but that doesn't mean we aren't prone to economic correction. Now give us our government handout. :wtf:
I am glad, however, that Bernanke and others seem to be on board in regard to reforming (babying consumers) our credit companies in order to prevent people from being so retarded. Too little, too late though? |
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| CND |
| quote: | Originally posted by skizzell
The dollar may be in a world of pain, but investing wisely in the right global sectors easily makes up for that. Wherever one area is sluggish, a different area is booming. Just have to balance your portfolio right.
Easier said than done, of course. YMMV. ;) |
Amen |
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| BLOWZO |
this month is said to be the lowest ever for the housing market. USA, especially the west coast is having the largest number of repossessed houses ever.
If they do not lower the prime we as a nation are going to go into recession, which as history dictates will A) start a war, and B) piss me off
I need this damb prime to start dropping so I can sell my house, and move. If it doesn't I will be taking a huge hit. ... DAMMIT! |
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