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Not sure I see how it is good for the buck?
Less demand from foreign entities
plus
more supply from our penny stock tutoring fed
equals
less value per buck
I don't doubt a technical bounce or three on the way down
but I don't see any sort of bright side for those
of us bound to the buck by virtue of living here.
Merrill sees U.S. giving nod for Gulf FX change
Sun May 25, 2008 9:27am EDT
DUBAI (Reuters) - Merrill Lynch & Co said the United States has effectively given Gulf Arab oil producers the go ahead for making changes to their dollar-pegged foreign exchange policies, by recognizing inflation as a problem.
In a report entitled "U.S. Green Light for the GCC", the U.S. investment bank said the United Arab Emirates and Qatar will probably move to a currency basket in the next few months, with their respective currencies appreciating 5 percent before the end of the year.
Saudi Arabia is unlikely to follow until late next year, Merrill said in the report received on Sunday.
Citing a U.S. Treasury report to Congress that for the first time mentioned currency and inflation issues in the six-member Gulf Cooperation Council, Merrill said the United States government had become more confident about the outlook for the dollar and therefore did not necessarily need Gulf support for its currency.
"We believe the inclusion effectively gives the GCC countries the green light for change," the bank said.
Investors piled into Gulf currencies from September on speculation some of the states in the world's biggest oil-exporting region would sever their links to a dollar that was tumbling to record lows against the euro.
While there may some domestic political constraints for currency change, ultimately a "number of GCC countries will be forced by the market to let their currencies strengthen," Merrill said.
Inflation in Saudi Arabia, the world's biggest oil exporter, rose to 10.5 percent in April, its highest in at least 27 years.
"At this stage, we believe that there is little benefit for the authorities to maintain normal undervaluation in the face of rising costs to the pegged exchange rate regime," the investment bank said.
(Reporting by John Irish; Editing by James Cordahi)
lol, I was thinking the same thing
And the question of the year is:
Considering we all know the buck is doomed..
Is that good for us traders?
A weak currency worked with countries where workers had no commute.
Can you honestly say our weakened and rapidly weakening dollar is good for us.. or have you decided there really isn't anything we can do about it.. so what the hell.
Considering nothing but our dollar is weakening.. I doubt it is good for the U.S.
The question of the hour and indeed of the week.. is:
Is this good for humans.
http://investorshub.advfn.com/boards/faqh2post.asp
IHub even has photo hosting which makes things even easier.
I'll be interested to see what the windows guys come back with.
I just tested my linux and it is absolutely invisible to the world.
Pretty slick.
Just how secure is your computer?
Test it here.
http://www.grc.com/x/ne.dll?rh1dkyd2
When one goes from understanding he has talent to understanding
every nuance of his talent...
Well, then a young master is born.
I'm amazed at the speed and how easy it was to get my wireless working.
But really it's the speed...
I feel like Hammy in the movie "Over The Hedge".
Linux
http://www.shoutwire.com/viewstory/153791/Install_Linux_Ubuntu_as_A_Windows_App
Automatic installer.
No fuss.. no muss.
I'm running it right now and it's faster than windows
by 186,000m/s
It wasn't two or three years ago I used to buy a loaf of bread for $.69.
Now I can't buy bread for under $2.69.
It's just crazy to assume that this can continue.
I do believe you are figuring things out.
Looks alot like a continuation technically.
We are in for a consolidation, but I don't really think
it will be a reversal.
Kinda doubt we have found the bottom.
We've found technical support on the monthly chart.
Brilliant film, very well done.
But not for most folks.
Speaking of the looming
perfect storm.
I just got home and
saw $3.84 a gallon...
Jeez, who can know at this point?
We have what can only be termed as a perfect storm
forming in the global economy... not just ours.
I think right now it's easier to make a ten year prediction
than a two week prediction.
You've been right on the money about this one as I watch the EUR/USD do everything but go through 1.6
I sent it to him, wasn't his cup of tea.
You are truly one of a kind.
You crack me up at times.
I've reviewed my records and it seems
that was not the worst chart doodle.
Simply because the chart doodler
is right.
That might be...
I'm going to have to run through the
notes I've taken over the last twenty years or so...
But that might very well be the worst chart doodling I've ever seen.
Profit Purging Tutors
Got a swing or two left
Saying you usually "_____" any pair is a mistake.
Gotta go both ways in this game.
Only betting any pair will only go one way will lead one quickly away from Forex.
Buck is about to turn
http://ssl.efxnow.com/pda/en/forex/(S(vrpxiy55hntlm22mrtbi5r45))/default.aspx
I use this one as well as it does offer hourly charts.
The ones in charge of the money are the ones in charge of us all.
It's the world banks that run the show.
Not governments.
Yes they play a large part, but they take their orders from the money printers.
And more importantly the lien holders.
lol
Meet the new boss
Same as the old boss
Oddly enough I think we as humans are the only mamals that don't eat their own crap.
Well except for Germans that is.
Or
Bunnies
Yes we could discuss bunnies and their effect on the global climate.
Those little farting bastards.
We could discuss how the next moron in office will be just as bad as the last one.
http://fxlabs.oanda.com/cgi/fxlabs.pl?id=25
This will work alot better than what you have in mind and it will end up being cheaper in the long run.
I don't believe he ever existed, to be honest.
And really a free market system hasn't ever been tried.
When it is... It will work far better and promote human betterment more than the invention of fire.