SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GST who wrote (78489)2/6/2007 8:15:56 AM
From: Mike Johnston  Read Replies (1) of 110194
 
So far the dollar devaluation has been very good in the eyes of the average J6P. Economic data has been very good on a nominal basis, housing prices have risen, stock market is up, wages have risen on a nominal basis, interest rates are still low, what is there to complain about ?

But underneath the surface, standard of living is going down for all, but the highly skilled, who can compete on a global basis. And of course savers will not survive this whole thing with their net worth intact, unless they get out of the dollar.

One more point, the dollar would already be much lower against major currencies if not for the fact that those currencies are being devalued as well.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News