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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (32105)	11/13/2010 1:16:27 PM
From: ggersh	Read Replies (2) \| Respond to of 71450

The Dollar appears to have found a bottom, but is it only cause of Europe? I don't think the Dollar weakness will bring jobs back, China isn't about to do what we did export jobs! "We are hurt and not well - it will take time. The most important event is we are aware the tomfoolery that got us here ." I don't believe we know what got us here, otherwise we could be fixing it, the Gov't is bought and paid for, that's what needs to be fixed, JMO

To: robert b furman who wrote (32105)	11/13/2010 5:18:17 PM
From: rich evans	Respond to of 71450

The Euro came about in 1998 and the economic wizards issued it at 1.21 to the dollar. During the Tech boom it got down to .83. I eventually climbed above 1.4 as you know, but in April/May of this year got back to 1.21. So over 12 years the exchange rate has varied but it the Euro is only 15% higher then when issued against the dollar in 12 years. Contrast this to the so called overvalued Yuan which has moved cheaper by about 36% during the same period. Using real excange rates versus nominal, the cheeseburger comparison, the cost of cheeseburger in Europe is much greater in dollars then in the US and the cost of cheeseburger in china is less then in US. Go figure. Rich