The dollar slide today was a surprise.

NoKingGeorge

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Tue Dec-02-03 02:17 PM
Original message

The dollar slide today was a surprise.

Not to those on this board. Notice the climb in silver further down in the article.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1069493652530&p=1012571727088

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begeegs

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Thu Dec-04-03 08:34 AM
Response to Original message

1. As long as

W is in office, expect the dollar to slide alot further.

Foreign investment will leave the country as other nations simply don't see the US as a good investment anymore.

Sadly, that goes for US companies as well, as you have been experiencing.

The US is stuck in the mire in Iraq and the military is over-extended. With the US economy tetering, I would expect that Superpower status will be taken down a peg or two.

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NoKingGeorge

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Thu Dec-04-03 11:06 AM
Response to Reply #1

2. Brussels wants to slow the buying up of Euros

someone must be realley buying up Euros if the commitee is trying to protect exports with this drastic measure. I guess the flight from the dollar is prompting this.

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Mudcat

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Thu Dec-04-03 04:44 PM
Response to Reply #2

3. Steel tariffs

I wonder if the dollar's slide affected the recent decision to drop tariffs against "cheap" foreign steel.

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begeegs

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Fri Dec-05-03 09:03 AM
Response to Reply #3

5. Dollar Slide

Well, considering that the buying of our currency is the only way in which the US will be able to finance their debt, if people stop buying the dollar, it's going to slip.

If it slips enough, debt payments won't be made and their is big trouble as more social programs will have to be slashed to pay the debt.

All in all, it doesn't look very good.

By the way, the euro is still worth $1.207 today (a high for the Euro). Unthinkable one year ago.

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TrogL

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Fri Dec-05-03 10:26 AM
Response to Reply #5

6. Why social programs?

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Code_Name_D

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Fri Dec-05-03 10:43 AM
Response to Reply #5

7. Soshal probrams will not pay for this.

All of the soshal programs combined only make up a fraction of the total US budget. Less than 5%. What has to be cut is the military expenditures for the corprate bail outs and the funding for the war on terror.

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cosmicaug

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Fri Dec-05-03 02:06 PM
Response to Reply #7

9. Social programs

All of the soshal programs combined only make up a fraction of the total US budget. Less than 5%. What has to be cut is the military expenditures for the corprate bail outs and the funding for the war on terror.

You might be right... O.K., make that, you are right; but slashing social programs to pay the debt will, nevertheless, become the official party line. And, of course, they'll turn things upside down by accusing anyone suggesting otherwise of being fiscally irresponsible tax and spend Democrats who are stealing from our children's children.

It's called spin.

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Code_Name_D

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Thu Dec-04-03 06:27 PM
Response to Original message

4. The "new" spin.

Intrest raites have to go up. The admin has no choise in the mater. So as usualy, they spun it. They now say "The economey is doing so well, that it looks like inflation may turn up. The economey is too hot. Intrest raites are needed toi keep it from over heating."

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TrogL

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Fri Dec-05-03 01:17 PM
Response to Original message

8. It's sliding again today

on concerns about manufacturing jobs.

Now check out Canada's latest numbers.

http://www.globeandmail.com/servlet/story/RTGAM.20031205.wbjobs21205/BNStory/Business/

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