On 6/29/2025 at 11:51 PM, Harrisfan said:

Doomsday rubbish. 

 

Less of the doomsday LOL.

On 6/30/2025 at 12:17 AM, bunnydrops said:

I take all predictions with a grain of salt but one major financial institution is predicting another 7% drop before the end of the year.

 

The dollar or your bunny?

44 minutes ago, Yellowtail said:

From your link: "Views of the legislation are highly partisan, with Republicans favoring it (73%)"

 

Oh boo hoo, the left wants higher taxes on the middle class. 

Lame deflection. 🤣

The majority of Americans have by clearly a negative perception of the bill, whatever the polling organisation!

Just now, candide said:

Lame deflection. 🤣

The majority of Americans have by clearly a negative perception of the bill, whatever the polling organisation!

You're a Brit.

On 6/30/2025 at 12:17 AM, bunnydrops said:

I take all predictions with a grain of salt but one major financial institution is predicting another 7% drop before the end of the year.

I predict the sun rises everyday in the east

On 6/30/2025 at 10:15 AM, BritManToo said:

Don't forget the Norwegian Krone, that's down to about half, worse than the Aussie dollar.

Yup. Down with the oil crash.

On 6/30/2025 at 11:46 AM, FlorC said:

When is Powell going to cut rates ?

That will lower the USD.

 

The US has had the privilege of having the world's reserve currency,

that should stop.

 

Some are working on it.

6 minutes ago, candide said:

Lame deflection. 🤣

The majority of Americans have by clearly a negative perception of the bill, whatever the polling organisation!

Per your link 40% have no idea what's in it, and all they here from the leftist press (redundant) it that it's a tax break for billionaires, it cuts Social Security and eliminates Medicaid, SNAP and WIC. 

 

Everyone that is paying attention knows those are lies. 

As the dollar gets weaker, that THB800K in the bank looks pretty good. 

 

So, with the dollar down 11.73% in the last 12 months against the baht, with the 1.5% interest I get on the account, that's over 13% to the good. 

 

That's about 104,000 to the good...

 

How's that monthly income method working out? 

 

 

On 6/30/2025 at 9:41 AM, spidermike007 said:

What is so hard to understand ?

That Trump might be successful at one of his goals? 

On 6/30/2025 at 9:41 AM, spidermike007 said:

I've been spending a lot of time in the states the last few years and I can tell you inflation has not slowed down, prices continued to increase at a staggering level, and real inflation is closer to 20%. The unaffordability factor in the US is climbing at a stunning pace. 

That's NYC - is the rest of the country inflating at the same rate? And what are the real estate prices like in the city now? How are prices in Tribeca? How much is a big roast beef sandwich at the corner deli? Or a slice of Ray's Pizza? 

On 6/30/2025 at 9:41 AM, spidermike007 said:

I have a bridge I can sell you for $500.

Might be worth a flier... 

23 minutes ago, Yellowtail said:

As the dollar gets weaker, that THB800K in the bank looks pretty good. 

 

So, with the dollar down 11.73% in the last 12 months against the baht, with the 1.5% interest I get on the account, that's over 13% to the good. 

 

That's about 104,000 to the good...

 

How's that monthly income method working out? 

 

 

I think you have the figures backwards... it will take you 10% more dollars to buy that 800,000 baht... and the 1.5% interest is well below the 4.3% that I am getting on government bonds in the USA - - 

 

If you are talking about 800,000 baht that you bought long ago, it probably has not kept up with inflation here... 

On 6/29/2025 at 10:44 PM, JackGats said:

I still remember the days during the first decade of this centry when the dollar was 1 euro = 1.5 USD. The present exchange rate is still far from that.

 

But that has more to do with the euro's weakness... Only a few months ago, many financial analysts expected dollar-euro parity to be just around the corner (and it almost came to it, too). Then Trump came up with his insane customs-duty scheme (incl. duties for uninhabited subantarctic islands, only populated by penguins), not to mention announcing huge future U.S. debt... 😆 

10 minutes ago, 1FinickyOne said:

I think you have the figures backwards... it will take you 10% more dollars to buy that 800,000 baht... and the 1.5% interest is well below the 4.3% that I am getting on government bonds in the USA - - 

 

If you are talking about 800,000 baht that you bought long ago, it probably has not kept up with inflation here... 

An interesting reality about the 800,000 bought however long ago is that while it may indeed have devalued due to inflation it was probably purchased at a time when the currency that bought it was historically higher than it is now. And regardless of that devaluation it continues to fulfill a role in maintaining continuation of purpose as opposed to the relative increased devaluation exchange price for paying agencies to circumnavigate the  deposit requirement !

For those that have  for whatever reason have always funded agents the fluctuation generally downwards has also been  victim with the additional stress for those who are vulnerable in terms of  monthly remittances.

For those holding US Govt. Bonds that are near term ? 

33 minutes ago, 1FinickyOne said:

I think you have the figures backwards... it will take you 10% more dollars to buy that 800,000 baht... and the 1.5% interest is well below the 4.3% that I am getting on government bonds in the USA - - 

 

If you are talking about 800,000 baht that you bought long ago, it probably has not kept up with inflation here... 

I am talking about the last 12 months the money has been in the bank. 

 

The dollars you have drawing 4.3% in the US will buy about 9% less baht than if you had had the money here. 

 

I live here, so I have to pay the inflation here, so if I was transferring money monthly, I would be able to buy less than had I had the money here for the last year. 

 

Is the inflation worse here than the US? 

 

4.3% is pretty good. What's term? 

1 hour ago, Yellowtail said:

How's that monthly income method working out? 

Fine. My income is monthly.

3 minutes ago, jerrymahoney said:

Fine. My income is monthly.

Mine is annual. 

and no upside except gold 

12 minutes ago, Yellowtail said:

Mine is annual. 

OK Top Cat aka Arnold Stang.

6 minutes ago, jerrymahoney said:

OK Top Cat aka Arnold Stang.

Sure thing jerrymahoney aka Paul Winchell's dummy. 

 

Paul Winchell was very talented -- not only the voice of the dummy but he invented an artificial heart with the assistance of Dr. Henry Heimlich (inventor of the Heimlich maneuver) and held an early US patent for such a device.

1 minute ago, jerrymahoney said:

Paul Winchell was very talented -- not only the voice of the dummy but he invented an artificial heart with the assistance of Dr. Henry Heimlich (inventor of the Heimlich maneuver) and held an early US patent for such a device.

Indeed he was, but Jerry? Not so much. 

 

 

The US dollar has experienced its worst first half-year since 1973 as a result of Donald Trump’s global trade war.

Since January, the dollar has fallen by 10.8 per cent – its lowest performance over the first six months in 52 years and worst half-year since the latter half of 1991.

1 minute ago, still kicking said:

The US dollar has experienced its worst first half-year since 1973 as a result of Donald Trump’s global trade war.

Since January, the dollar has fallen by 10.8 per cent – its lowest performance over the first six months in 52 years and worst half-year since the latter half of 1991.

 

 

Trump wants a cheap dollar, as that is positive for exports.

 

During his first term he also crashed the dollar

15 minutes ago, CallumWK said:

 

 

Trump wants a cheap dollar, as that is positive for exports.

 

During his first term he also crashed the dollar

 

Line1 yes, but not line 2. Actually The last significant dollar "crash" occurred about the time of the 2008 GFC until about 2011 (about 25% down from now). In early 2018 the Fed tried raising rates after years of zero but the stock market dipped and they gave that up immediately.

 

There was no real recovery after that. Just QE QE QE and NZIR's - easy money -  that's why the markets are so obscenely overvalued now.

3 hours ago, Yellowtail said:

I am talking about the last 12 months the money has been in the bank. 

 

The dollars you have drawing 4.3% in the US will buy about 9% less baht than if you had had the money here. 

 

I live here, so I have to pay the inflation here, so if I was transferring money monthly, I would be able to buy less than had I had the money here for the last year. 

 

Is the inflation worse here than the US? 

 

4.3% is pretty good. What's term? 

4.3% is 3 months treasury bills - - - and my 800,000 +++++ is in the bank here for over 20 years. I live here too and whenever the rates are good, I bring more money here. Any investments here, as in farmland etc are in my wife's name and she has done terrific with that which has the added benefit of the family making money farming the land for free while my wife has done very well as land prices have increased. And my investments in the USA vary from some dividend oriented funds that have been yielding 14% + and downward from there to index funds as well... I am fairly well diversified and the 800,000 Thai baht in the bank is a very small portion. As I am getting older, I am somewhat more conservative, as the mood strikes - funds are mostly easily moved around, but the older I get, the more conservative I have been. Sometimes I even do a little day trading which is mostly gambling and I keep it limited. Diversification helps me sleep easy... though a sleep aid would be nice too.

5 hours ago, Harrisfan said:

I predict the sun rises everyday in the east

sure, but you probably don't get very good odds on that... 

1 hour ago, nauseus said:

 

Line1 yes, but not line 2. Actually The last significant dollar "crash" occurred about the time of the 2008 GFC until about 2011 (about 25% down from now). In early 2018 the Fed tried raising rates after years of zero but the stock market dipped and they gave that up immediately.

 

There was no real recovery after that. Just QE QE QE and NZIR's - easy money -  that's why the markets are so obscenely overvalued now.

Maybe a little less than a crash, but still a significant depreciation. This is what happened during Trump's presidency. The dollar was indexed to 100 at the beginning of his presidency.

Only the pound of Brexit Britain, which was led in quick succession by Theresa “Brexit means Brexit” May, BoJo “oven ready deal” Johnson, Liz "Lettuce" Truss and, finally, the best of them all Rishi Sunak, did worse.

 

Trump wants lower rates and lower dollar.