Will the dong overtake the dollar?

[Devastatin Dave]

With the dollar going teets up, will the dong take over the dollar? Discuss...

[Vladimir]

I'm in!

Edit: Well the shrinking dollar has stretched the dong relative to it. Unfortunately the dollar will shrink due to cool economic conditions making the dong much more attractive. Personally I'm hoping that I'll be able to stretch my hard earned dollar in the near future, but not too much. If it stretches too much it may cause a chafing of the economy. It doesn't matter what your currency is, if it's too strong it actually decreases your competitiveness making you, I mean it, less attractive to other "markets". Remember that any shrinkage is short term as long as conditions heat up again.

[Don Corleone]

What the hello is 'the dong'? If you're referring to my 'unit', it's worth a lot more than a dollar, just ask Mrs. Corleone.

Do you mean the Yuan (the Chinese currency)?

[Xiahou]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

1 US Dollar = 16,235.9 Vietnamese Dong

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[Vladimir]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

link

They could always devaluate their dong in order to expand their economy.

[Geoffrey S]

Sounds like they'll need to keep inflation of their dong under control.

[Vladimir]

Sounds like they'll need to keep inflation of their dong under control.

Well things are heating up down there and you know what that does.

[Devastatin Dave]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

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Man, thats a lot of dong. So appearantly the dollar is a lot bigger than the dong. So 1 dollar can satisfy the economic outlook better than 16,000 dongs. Is it the strength of hard currency or the less flexibility in international markets of the dong?

[Don Corleone]

Well, you have to consider economies of scale. The dollar penetrates much more deeply into markets all around the globe. The dong only rarely enters exchanges outside its native Vietnam, and even then, most of the lucrative markets yield to the pressure and exchange the dong for the dollar, the first chance they get.

[Vladimir]

Good point Don. Nothing lubricates the international market like the dollar.

[Don Corleone]

And nothing stiffens the dollar like the prospect of entering exotic new markets around the globe. You can actually watch it grow in some parts of the world, particularly the Far East, where receptive markets that are quite attractive welcome it for entry.

[Devastatin Dave]

It would appear that the dollar will beat off the threat of the dong in the long and short of the economic orgy of statistics.

[Philippus Flavius Homovallumus]

Lock them all up please.

[Kagemusha]

Priceless analyze of the situation!

[Odin]

so where the hell is Gregoshi?

And to answer your question Dave, it depends how long it can be stretched.

[Devastatin Dave]

Lock them all up please.

The strength, girth, and stamina of the dollar is important to everyone on this forum. The dong backdooring the dollar could have fatal economic blows to everyone. We must discuss these things in order to keep from shooting our load too quickly on the latest economic trend. Please feel free to discuss and take pleasure in the fact that we will in a open forum able to discuss the differences between dongs and dollars...

[Vladimir]

Failure to discuss these topics at length can have the frustrating consequences Dave mentioned.

[Lemur]

The strength, girth, and stamina of the dollar is important to everyone on this forum.

Indeed, but the recent softening of the dollar has been on display for everyone to see. Quite the embarrassment. I don't think we're in danger of having our Asian partners ditch us for Vietnam, however, as their dong is tiny in comparison to the dollar. In other words, no matter how deflated and softened our dollar becomes, it's still bigger than the dong. In financial terms, the dollar is both a "grower" and a "shower."

Honestly, if I had to take a position in the currency markets right now, I would short the dong.

[Geoffrey S]

Still, with the Vietnamese dong expanding into new markets I think preventative measures need to be taken lest it produces unexpected side-effects within the year which such fertile markets can't handle.

[seireikhaan]

Dang, we didn't even need to get Gregoshi in for the march of puns to begin.

[Vladimir]

Puns?

[Geoffrey S]

Puns...? You're not implying that members of the .Org would be so childish as to read a sexual meaning into the word 'dong'? Shame on you!

[Redleg]

Great thread the first one in a long time that as been worth responding to.

I am greatly statified that while the dollar has gone soft and slightly smaller it still is far larger and more enjoyed then the dong.

[drone]

As we see here, the dollar showed a steady rise, getting stronger and rising faster, until September. Since that peak, it has become flaccid quite quickly. The future is not bright for the dollar, we may as well just roll over and go to sleep.

[Evil_Maniac From Mars]

Threads like this get me thinking - are we looking for excuses to slide puns into our responses?

[Veho Nex]

Is it just me or did this turn into something more. Any ways I believe the dong will take over because it has such a funny name

[KukriKhan]

Wait.

What's that sound?

Oh.

Ho spinning in his grave.

[Devastatin Dave]

Ho spinning in his grave.

I wonder if Ho got more satifaction from the dong or the dollar?

[Lemur]

I can't imagine Ho would be sweating; many currencies are nailed to the dollar, pegged to it firmly, rising and falling as it goes up and down, up and down. The dong, however, is a free-floating hard currency, and it slips and slides all over the place before coming to rest in its natural state of liquid equilibrium.

[Papewaio]

The dollar does rely on a lot more oil lubricant to help stiffen its resolve. The dong relies more on an attractive exchange to get up and go. One has to remember that after exchanging dollar for dong you are left with a much larger wad then if you held the currency in dollars.