[Roccland]

[Roccland]

link

{oversized image replaced with link by SPG}

[evilgenius]

The real problem would be if the dollar were to take a big one against the Yen. The important action (for the neocons) is in Asia.

[Roccland]

Just like the romans carving gold coins...the fed will drop rates and a loaf of bread will cost $500.

[Baldwin]

$this->bbcode_second_pass_quote('Roccland', 'J')ust like the romans carving gold coins...the fed will drop rates and a loaf of bread will cost $500.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Roccland', 'J')ust like the romans carving gold coins...the fed will drop rates and a loaf of bread will cost $500.

[Plantagenet]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('Roccland', '.')..the fed will drop rates and a loaf of bread will cost $500.

[Roccland]

Dollar getting killed...market tanking...gold on a rally...and Ben blowing smoke...

BWHAHAHAHAHA!!

[Bewildebeest]

So how far can the USD fall relative to other fiat currencies?

When would you consider it oversold?

[strider3700]

$this->bbcode_second_pass_quote('Bewildebeest', 'S')o how far can the USD fall relative to other fiat currencies?

When would you consider it oversold?

[dukey]

worst case scenario
they liquidate all the assets of your country.

[Tyler_JC]

Falling from 81.45 to 80.75 is hardly a plunge.

Heck, that's not even a full percentage point move for the US Dollar.

And the Market "tanked" a mere 1.06%

One word: Hyperbole

[Eli]

I have to agree with that.

I have been waiting for the wheels to come off, this is not it.

call me when the dow loses 500 and then 600 hundred the next day and I will get excited.

There is some interesting stuff a foot right now though. Everything now seems to be driven by stock buy backs and mergers. The big wigs are keeping things a float through the still cheap money supply.

[JoeW]

$this->bbcode_second_pass_quote('dukey', 'w')orst case scenario
they liquidate all the assets of your country.

[Roccland]

$this->bbcode_second_pass_quote('Tyler_JC', 'F')alling from 81.45 to 80.75 is hardly a plunge.

Heck, that's not even a full percentage point move for the US Dollar.

And the Market "tanked" a mere 1.06%

One word: Hyperbole

[bobaloo]

The news coverage has been pretty amusing, as there's one story about how "the Euro rose to a new high against the dollar", then another story about how "the Candian dollar rose to a new high against the dollar", then about how "the British Pound rose to a new high against the dollar" with the accompanying explanation about how the economy in (insert country here) is so strong that their currency is rapidly becoming more valuable.

Haven't yet heard a story about how "the dollar fell to a new low".

[I_Like_Plants]

$this->bbcode_second_pass_quote('bobaloo', '
')Haven't yet heard a story about how "the dollar fell to a new low".

[Roccland]

link

$this->bbcode_second_pass_quote('', 'Y')esterday, the pound and the euro hit their highest levels in a generation against the US dollar. The dollar, meanwhile, collapsed to a record low against an average of all the world’s major currencies. It is tempting to interpret the flight from the dollar in financial markets as the clearest, most objective, indicator of America’s relative decline.

[firestarter]

80 has supplied pretty strong resistance on the dollar index. If (and this is a BIG if) we see a breach, say, this week or next, then I've seen it predicted by a number of non tin foilers that BB will intervene immediately with as much as a 50bp hike, even if that guarantees an acknowledged recession shortly down the road. It probably won't breach the 80 barrier, but I'm gonna have fun watching it teeter on the brink.


Scary dollar chart:

FX dollar index chart