IrishZebra

Western Imperialist
Jun 18, 2006
23,327
I'm really started to get worried about the dollar here. USD continues to slide and we are at a six-month low, and now with concerns over our ability to repay debts finally hitting the market (I mean finally), this is becoming a major concern. If the dollar continues to tank, the stock market won't be able to continue this rally.

Things looking gloomy, but that's what happens when you flood the market with money to bail out some companies.
China owns your debt anyway, you are fucked for the next century.

By the way NOBODY is allowed to complain about their economic/political situation to an irishman

Exhibit A:
 

Hust

Senior Member
Hustini
May 29, 2005
93,703
Word, I like to run in the heat of the day. I'm used to it after high school soccer practices that consisted of nonstop running.
I like to run in the evening or at night when its cooler...unless there are chicks out running then I go gung-ho like Rocky Balboa before he fights Ivan Drago in rocky IV.

I'm really started to get worried about the dollar here. USD continues to slide and we are at a six-month low, and now with concerns over our ability to repay debts finally hitting the market (I mean finally), this is becoming a major concern. If the dollar continues to tank, the stock market won't be able to continue this rally.

Things looking gloomy, but that's what happens when you flood the market with money to bail out some companies.
The Chinese are concerned, that's for damn sure. I guess buying up our bonds wasn't a great idea. I am sure we will bounce back in the next couple years. One thing for sure is we should have never bailed out the US auto industry, IMO it is their fault to begin with. That is what you get for making and continuing to make huge cars that people can't afford. IMO they (auto industry) did not predict the market very well nor did they move with the times appropriately.

I hope your mutual fund has some money in foreign stocks and currencies.

Canardo's call on the Aussie dollar was great. Up 35% from its lows.
Albeit the euro is ahead of the dollar in the global currency market, I do believe they are not doing so well economically either.
 

swag

L'autista
Administrator
Sep 23, 2003
84,788
Congrats on passing Bio, Zé T. :weee:

I'm really started to get worried about the dollar here. USD continues to slide and we are at a six-month low, and now with concerns over our ability to repay debts finally hitting the market (I mean finally), this is becoming a major concern. If the dollar continues to tank, the stock market won't be able to continue this rally.

Things looking gloomy, but that's what happens when you flood the market with money to bail out some companies.
I never understood the financial logic between the dollar's sudden rise relative to foreign currencies as soon as the credit markets hit the fan. Emotionally, I understood. But financial fundamentals? Sounded like a con game to me.

So I just had lunch at a tasty Jordanian restaurant in my 'hood, bizarrely called "Goood Frikin' Chicken" (I kid you not):
http://www.gfcsf.com/

It was pretty damn goood. :lick: Finished with a chocolate halva and an Arabic coffee. :coffee:

Now I'm ready to take on some infidels. :agree:
 

Hust

Senior Member
Hustini
May 29, 2005
93,703
Thanks for who ever combined my 3 posts into one because i am an idiot and never read the entire thread all the way down before i post...
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,234
China owns your debt anyway, you are fucked for the next century.

By the way NOBODY is allowed to complain about their economic/political situation to an irishman

Exhibit A:
Well that's the problem. We shouldn't be bailing these banks out, neither the auto industry, so that we don't have to keep borrowing more and more from China.

Instead of letting a few banks fail, we wanted to risk the entire country of defaulting. Thanks a lot, government.

The Chinese are concerned, that's for damn sure. I guess buying up our bonds wasn't a great idea. I am sure we will bounce back in the next couple years. One thing for sure is we should have never bailed out the US auto industry, IMO it is their fault to begin with. That is what you get for making and continuing to make huge cars that people can't afford. IMO they (auto industry) did not predict the market very well nor did they move with the times appropriately.
The US automakers are at fault for this disaster? No way, man.

This recession/depression was caused by the housing bubble collapse and spurred on by fancy derivatives traded by investment banks and insurers that were collateralized by nothing. Those bankers then passed those instruments down to common folk all across the world, with people not protecting themselves from exposure to the risk involved. These people were also lied to by bond raters such as Standard and Poor's who gave all these products developed by bankers AAA ratings. Once housing prices became too high, nobody was able to buy, so all those who speculated that housing prices would always rise started feeling the pain. That's when everything started to collapse in a positive feedback sort of fashion.

The automakers are at fault for not being able to produce a good product, as well as sending jobs overseas by means of government policy. The bankers, rating agencies, and insurance companies are the institutions to blame for this disaster, along with the government of course and ESPECIALLY the Federal Reserve for not allowing the free market to set interest rates.

And I am not so sure we will recover in two years. This is quite frankly a disaster we've never seen before. The market is trying to send housing prices lower, trying to send other assets lower and banks out the door, but the government is trying to do the opposite by flooding the economy with money. This has never worked before.
 

Zé Tahir

JhoolayLaaaal!
Moderator
Dec 10, 2004
29,281
Congrats on passing Bio, Zé T. :weee:
Thanks sahib ji.

So I just had lunch at a tasty Jordanian restaurant in my 'hood, bizarrely called "Goood Frikin' Chicken" (I kid you not):
http://www.gfcsf.com/

It was pretty damn goood. :lick: Finished with a chocolate halva and an Arabic coffee. :coffee:

Now I'm ready to take on some infidels. :agree:
:lol2:
 

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