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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (187874)	6/1/2006 7:52:56 AM
From: Sun Tzu	Respond to of 281500

If it was simply a matter of USD versus the Yuan, then you'd have a point. But find any major currency against which USD has been doing well: 42% drop against Euro finance.yahoo.com 39% drop against AUD finance.yahoo.com 38% drop against CHF (Swiss Franc) finance.yahoo.com 36% drop against CAD finance.yahoo.com and 33% drop against JPY (before massive manipulation by BoJ). And these are not even the top to bottom comparisons, which would have been worse. Europeans can now buy America for half the price they used to and they still are not biting! In other words, the world has issued a vote of no confidence in US of A. How can this be a good thing? A hallmark of my investment strategy over the past 5 years has been to short USD...more accurately to invest in non-USD-denominated natural resource stocks (except for QCOM). My two favorite investment areas, as some on this thread know, have been Canada and Australia. You did not have to be genious to be able to leave work in US through those investments. Just buying the index funds or even the CD would have made you enough money to retire.