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pjtran (陳青龍 aka 真多花色)
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why the D$LLAR keeps dropping..

all i know is that china switching its gear rapidly & germany is the world #1 exporting big ticket items & have their manufacturer plants all over the world. what is your 2sense on this subject matter?

2007-10-12 10:06 PM

tradervic (Uncle Laowai)
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Dollar keeps dropping...

... the yuan stays at the same peg. Flipside - more American goods, like locomotives, are sold to Europe and Asia.

2007-10-13 02:01 AM

reyquer
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after the american abandoned the gold standard, they went on a dollar printing spree.
now a lot of people find the dollar back by nothing more than a usa promise of legal tender in the usa.
but if usa economy collapses due to debt burden and dollar overvaluation, they may find the dollar could only buy so little in the usa.

2007-10-13 09:29 AM

zglobal
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"""" why the D$LLAR keeps dropping.. """"""

Because it's not worth much

2007-10-13 09:38 AM

ronglimeng (ronglimeng)
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RElax PJ, help is on the way!

Early this morning, my wife and her friends in the Gang-of-Four (Xiao Tong, Wei-Wei, and Xiao Ju) headed across the Bluewater Bridge for a major Fall shopping campaign in the State of Michigan.

By late this afternoon there should be a major correction to the US trade-imbalance.

Regards,

Rongliment

Image Attachment: G4-Shopping II.JPG (2007-10-13 10:15 PM, 91.55 K)

2007-10-13 10:15 PM

pjtran (陳青龍 aka 真多花色)
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protecting my own interest...

no 4real...i'm really afraid that i might not able to travel anywhere else on first class anymore (the buck stops here) and that hurts! hopefully any momentum will restore back the D$llar...hehe! PS! rongliment...was the lovely young lady carried a bag of jasmine rice over the trunk?

2007-10-17 04:21 AM

emucentral (JB)
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QUOTE:

Originally posted by ronglimeng at 2007-10-14 00:15
By late this afternoon there should be a major correction to the US trade-imbalance.
...

2007-10-17 05:18 AM

tongluren (tongluren)
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It's Time to Bring That Interest Rate Back Up

What is an appropriate response to the Benedict Arnold Medal given to the Dalai by the fools on the Hill tomorrow?

Sell 100 B in treasuries and watch that interest rate go up 2 points. That would bring the dollar right back up.

2007-10-17 05:37 AM

greendragon
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Reply #5 ronglimeng's post

Yeah rite!

British club fella!

Enjoying the STRONG CANADIAN DOLLAR! rite?

ha ha ha

Green Dragon
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"ever the happy fella"

2007-10-17 11:17 AM

tradervic (Uncle Laowai)
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QUOTE:

Originally posted by ronglimeng at 2007-10-13 08:15
Early this morning, my wife and her friends in the Gang-of-Four (Xiao Tong, Wei-Wei, and Xiao Ju) headed across the Bluewater Bridge for a major Fall shopping campaign in the State of Michigan.

...

Ronglimeng, you live in the Sarnia/Port Huron area? I though you were north of Nigara Falls. Where did your lady friends go? Just in the Port Huron area - or the Madison Heights/Troy area of Western Metro Detroit? Cripes, my mother just lives about 20 minutes south of Port Huron off of I-94, they could of met her at the Crystal Bar in Port Huron and have Broasted Chicken.

2007-10-17 11:31 AM

#10

tradervic (Uncle Laowai)
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QUOTE:

Originally posted by tongluren at 2007-10-16 15:37
What is an appropriate response to the Benedict Arnold Medal given to the Dalai by the fools on the Hill tomorrow?

Sell 100 B in treasuries and watch that interest rate go up 2 points. That wou ...

BIte thy tongue Uncle Tong - the Yuan is still pegged to the Dollar, making Chinese goods even cheaper to Canada, Australia, New Zealand, European Union, and the Middle East.

2007-10-17 11:33 AM

#11

interesting (Steven Schreiber)
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Because demand for dollars is currently low. The US dollar has been buffeted by being the primary reserve currency for decades because the world lacked other large, strong capital markets to invest in. The dollar is now dropping to a level more reflective of the US economy broadly. The slide is a problem for some people and a boon for others, as Trader notes, but is a good thing overall. The dollar needs to slide so that monetary policy can be adequately adjusted to reflect the position of the dollar in a world where there is more than one large, stable capital market to invest in. Once Europe abandoned the idea of trying to keep a one-to-one-to-one-hundred (EUR-USD-YEN) exchange rate, it was only a matter of time before this adjustment would occur.

I'm not going to lament that the Fed had no plan to manage an adjustment, I'd prefer they didn't because it may have become entrenched, leading to a US de facto peg or the like.

2007-10-17 12:25 PM

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caringhk (O Sweetie&Me go laojia. ..)
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QUOTE:

Originally posted by tradervic at 2007-10-13 02:01
... the yuan stays at the same peg. Flipside - more American goods, like locomotives, are sold to Europe and Asia.

U must be blinded

or hv old specs.................

Now only Yuan750 to 826 former..............

u know Arithmethic

2007-10-17 12:46 PM

#13

pjtran (陳青龍 aka 真多花色)
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d$llar and sense...

the weakening of USD is great for the US economy to export more goods & the #1 export for the US is INFLATION (the US #1 inflation customer is CHINA). if the USD is getting stronger ev'ryday then b4; it might damaging to china's economy could be enough to send it spinning out of control...and the rest of the world doesn't want to get cold when china sneezes!

2007-10-17 11:02 PM

#14

tradervic (Uncle Laowai)
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QUOTE:

Originally posted by caringhk at 2007-10-16 22:46

U must be blinded

or hv old specs.................

Now only Yuan750 to 826 former..............

u know Arithmethic

It is still a 'pegged' currency, the politburo is just trying to placate the world banking institutions. If was truly on a float - it would achieved and surpassed the U.S. Dollar long before the Euro or the Loonie. AND that, is the last thing the politburo wants - a strong RMB with NO strong sources of consumers.

2007-10-19 12:55 AM

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ronglimeng (ronglimeng)
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QUOTE:

Originally posted by tradervic at 2007-10-17 11:31 Ronglimeng, you live in the Sarnia/Port Huron area? I though you were north of Nigara Falls. Where did your lady friends go? Just in the Port Huron area - or the Madison Heights/Troy area of ...

Sorry for the delay in responding. I lose track of the threads I have been in...

Yeah, I'm from the Bluewater area. The girls like to go to Birch Run normally, but this time they checked out the Great Lakes Crossing Mall. They left at 08:00 but still waited 40 minutes to get through US Customs & Immigration.

They tried a Korean restaurant near the Mall - normally they don't eat western food on their trips.

When they came back they got pulled into secondary and had to pay Canadian GST and PST taxes. They were outraged of course. But I tell them that our socialist way-of life is not free and they are privileged to help pay for it.

Regards,

Ronglimeng

2007-10-20 07:49 AM

#16

greendragon
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Reply #16 tradervic's post

Hey!

You are getting the PICTURE!
Forget about China economic might, till the have developed "culturally more advanced lifestyles"

ha ha ha

Green DRagon
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2007-10-20 11:25 AM

#17

tradervic (Uncle Laowai)
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Well...

QUOTE:

Originally posted by ronglimeng at 2007-10-19 17:49
Sorry for the delay in responding. I lose track of the threads I have been in...

Yeah, I'm from the Bluewater area. The girls like to go to Birch Run normally, but this time they checked out the Great Lakes Crossing Mall. They left at 08:00 but still waited 40 minutes to get through US Customs & Immigration.

They tried a Korean restaurant near the Mall - normally they don't eat western food on their trips.

When they came back they got pulled into secondary and had to pay Canadian GST and PST taxes. They were outraged of course. But I tell them that our socialist way-of life is not free and they are privileged to help pay for it.

Truth - if you and folks are looking for good 'Asian' food - try the Thai Star on 14 Mile and Ryan in Troy, It may be a little too much out of range, but it is a great little mom and pop restaurant.  As for the issue of PST and GST - might I suggest something that was told to me (but I will not official endorse):

1)  Get Casino Cards from the Detroit area casinos

2)  Remove the spare tire from the car - clean the rest of the car

3)  When coming to America - report that you are going to gamble in Detroit

4)  When shopping, make sure to put all 'big ticket' items in the spare tire area of the boot

5)  Have some small ticket items with you in the car (food items are usually the best)

6)  Coming back report that you went to the casinos, had breakfast/lunch/dinner, and bought some small items (then attempt to show the items)

Another suggestion told to me was to take the Harsen/Wadpole ferry - if you have the time or do not want to deal with Bluewater or Windsor customers - but it has been a very long time for taking that route.

2007-10-21 06:12 AM

#18

tradervic (Uncle Laowai)
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QUOTE:

Originally posted by greendragon at 2007-10-19 21:25
You are getting the PICTURE!
Forget about China economic might, till the have developed "culturally more advanced lifestyles"

Like I told my in-laws in China what my cousin's in-laws from Mexico told them - Jobs will only last as long as there is no-one else with a cheaper labor force. As it stands, the multi-nationals, like Wal-Mart, who order the bulk of China's goods - are looking elsewhere, like Vietnam and Africa for cheap labor.

Until the bulk of China's good is bought by the Chinese people themselves - the P.R. China is caught in a vicious cycle of dealing with the rest of the world for raw materials and markets to sell goods.

2007-10-21 06:16 AM

#19

greendragon
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Reply #20 tradervic's post

That's good!

Amerikan problems now might come from other quarters!
Such as overspending, over minting of the dollar causing inflation in the United States!

have a nice day!

cheerios!

Green DRagon
Game Master

2007-10-21 02:39 PM

#20

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