"Some experts believe it may have something to do with the fact that U.S. has a :daisy: economy." Or the currency markets may just hate freedom.
In related news, the dollar's also dropping against counterfeit dollars. And Canadian acorns. :wiseguy:
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"Some experts believe it may have something to do with the fact that U.S. has a :daisy: economy." Or the currency markets may just hate freedom.
In related news, the dollar's also dropping against counterfeit dollars. And Canadian acorns. :wiseguy:
Over 1.60...
:shame:Quote:
Originally Posted by Oleander Ardens
Just a critical view of the things said by me here in this thread.
1) The US economy seems harder hit than many thought it would be. My educated guess proved right.
MayQuote:
The longterm prospect of the US economy is bad for 2008. Inflation is rising, unemployment is rising, house prices keep falling in many areas. And the FED has already used a great deal of its bullets. If it continues to cut like that it will mean that in some months the banks can lend money for 0.00%
2) Stocks would tumble. As a matter of fact the major indexes bar the Dax reched 1-2 year lows
3) Gold would be a good investment and push above 1000$. I clearly failed so far my guess about the price of gold. Still the buys at 900$ or even lower (now 942$) proved to be very good.
After gold reached 1000$Quote:
Gold is now down to 900$. Personally I will buy another good percentage of gold, although I would not advise everybody to do so because many could now become really nervous. There are huge amounts of money in the market and many made huge gains so a sell-off could be possibly. Basically I still think that the longterm trend is good, but the shortterm trend might finally point a bit downwards, so this one is also a matter of timing.
MarchQuote:
Now I guess Gold will continue its sprint, especially when the money comes in from the industrial commodities when they get hit.
4) Cash was king. It is still.
MarchQuote:
Anyway I have large stocks of liquid capital and I will try to buy cheap stocks in a cheap currency as far as I see light at the end of the tunnel
So now I have to think what to do now...