Correct me if i am wrong, word of mouth to me....I guess the European market crashed, and the Dollar is now worth more than the Euro....(?)Can anyone shine some light on this?Does this mean the U.S. currency is back on top? LOL....
P.S. good for Obama, and his supporters. I will respect him as my president, for that he is.
In other news....
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marlin29311
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Re: In other news.... (rmezz13)
Forex has the euro at 1.28/1 on the dollar...
Its not lower, but it is better, considering it was up at about 1.6 a while ago.
Hopefully this will help our import/export problems. That deficit is one that I would like to see go away.
Its not lower, but it is better, considering it was up at about 1.6 a while ago.
Hopefully this will help our import/export problems. That deficit is one that I would like to see go away.
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szh
- Posts: 15932
- Joined: Tue Jul 23, 2002 12:54 pm
- Car: 2018 Tesla Model 3.
Unfortunately, no longer a Nissan or Infiniti, but continuing here at NICO! - Location: San Jose, CA
Re: In other news.... (marlin29311)
This current rate drop is purely temporary. As people ran to the dollar while the global economy sank.marlin29311 wrote:Forex has the euro at 1.28/1 on the dollar...
Its not lower, but it is better, considering it was up at about 1.6 a while ago.
Hopefully this will help our import/export problems. That deficit is one that I would like to see go away.
When things improve, the fact that we will be printing trillions of dollars (for the bailout, among other things), the foreign currency purchases will run away too, and the tax increases in this country occur with the Obama admin. Once their (i.e., foreign) banks starting offering credit.
The US is in for a massive inflationary and/or unemployment period in/during the next 6 to 30 months. I predict:
2 US dollars = 1 EU Euros (or worse).3 US dollars = 1 British pound (or worse).Near 10% unemployment in many states.Near 8% inflation rate.
Unfortunately.
Z