I Just Love The Greenback

[henryalleman]

,,,for posting my views on GDP i have to search for a paper which i wrote years ago.

Naam, I only wrote one paper on that subject, when it was called GNP. In 1960. Do you think much has changed?

i can't answer that question PB. the paper i wrote was from my perspective being a physicist/engineer and not based on what they lecture MBAs-to-be. after retiring i had ample time to do my own research and to arrive at my own conclusions which differ from those of the mainstream.

but whatever, the search for my paper on a dozen harddrives has to be postponed. reason: i had to cancel a medical procedure which was scheduled for next week in BKK and prepare for open heart surgery (multiple bypass) to be carried out in Germany.

it sounds ridiculous , but my biggest headache is presently how to leave my hi-tech home (only i know what has to be done if something does not work, e.g. water supply, etc.) in the care of rather helpless servants.

I wonder why you must have your bypass operation in Germany, their is a very good heart hospital who is specialised in open heart surgery and bypass operations. And they have even so a very good after care? They even have and German interpreter available.

I had some of my friends who had this kind of surgery, they all said that after the operations they feel like a young man again. They all could leave hospital in not yet one week. Anyhow good luck and keep strong.

[henryalleman]

What a difference a year makes.

Getting paid in $US was a very painfull ecperience last year.

I would watch the greenback value falling against just about every currency in the world week after week after week.

Only 3 months ago I was in Australia on holiday and got nearly 1:1 for my $US. Now if I TT'd US$100k over there I would get AUD$150k. Sweet.

But look at the situation now...

The pound is in freefall and the euro is a basket case.

I just love greenback The currency all others are measured by.

I just knew she would climb back to her rightfull spot if we waited long enough.

God bless America.

Long live the Allmighty dollar.

I'm afraid that your happiness over a strong %US will be very short. The finacial crisis did not hit in all his force the US yet. Wait till the people start to find out that their pension fonds are decimated, a,d not sufficient enough to give them an old age without money problems. Already 16 banks gone bankcrupt. The prices of houses are in free fall, This weekd a saw a man who bought a house for 200 000 %US now the bank sold it for 4500 $. Houses of 2 million % are now sold for 400 000 %.

Unlike the US,in EU countries, pensions and health care are not privatised, and their is a safety net for people who loose their job.

and for the US maybe this 2 articles can give you an idea about the future

http://www.lewrockwell.com/rozeff/rozeff234.html

http://www.lewrockwell.com/north/north662.html

[ace]

back to the topic "I Just Love The Greenback"

i love it too and closed some hours ago my USD forward with a handsome profit. VegasVic will of course say that this was a mistake but i followed the german saying "a sparrow in the hand is better than a pigeon on the roof"

there is a similar saying in english ending with "...two birds in the bush" (i think).

Anymore tips like that can you PM me? Please?

[Naam]

back to the topic "I Just Love The Greenback"

i love it too and closed some hours ago my USD forward with a handsome profit. VegasVic will of course say that this was a mistake but i followed the german saying "a sparrow in the hand is better than a pigeon on the roof"

there is a similar saying in english ending with "...two birds in the bush" (i think).

Anymore tips like that can you PM me? Please?

a big-boobed one in bed is better than watching a skinny one passing by.

[Naam]

sometimes [not always] even an uneducated Klingon warrior makes the right move when it concerns "earthly" currency units

USD/€UR 1.32480

USD/GBP 1.65909

[unomi]

Please tell - what is the point of posting this link???? Do you have any thoughts about the video? You are an odd one and the video was waste of time.

Actually the only reason I posted it was a nod to lannarebirth and his/her post somewhere else in this forum. Lannarebirth linked to an article that quoted a hedge fund manager who quit the business, the video quotes the same guy.

[BEENTHEREDONETHAT]

sometimes [not always] even an uneducated Klingon warrior makes the right move when it concerns "earthly" currency units

USD/€UR 1.32480

USD/GBP 1.65909

That was a brillant move Naam. Hope everything goes well for your operation. Look forward to you returning soon, keep us posted from Germany on how thing are going. Don't freeze your butt off over there.

[Wrong Turn]

What a difference a year makes.

Getting paid in $US was a very painfull ecperience last year.

I would watch the greenback value falling against just about every currency in the world week after week after week.

Only 3 months ago I was in Australia on holiday and got nearly 1:1 for my $US. Now if I TT'd US$100k over there I would get AUD$150k. Sweet.

But look at the situation now...

The pound is in freefall and the euro is a basket case.

I just love greenback The currency all others are measured by.

I just knew she would climb back to her rightfull spot if we waited long enough.

God bless America.

Long live the Allmighty dollar.

There is a reason for the strengthening of the US dollar right now.

You need to wait 1 or 2 years.

Do not make long term assumptions on a currency based upon short term movements.

[Naam]

sometimes [not always] even an uneducated Klingon warrior makes the right move when it concerns "earthly" currency units

USD/€UR 1.32480

USD/GBP 1.65909

That was a brillant move Naam. Hope everything goes well for your operation. Look forward to you returning soon, keep us posted from Germany on how thing are going. Don't freeze your butt off over there.

not that brilliant BDT. i do these kind of trades since many years and never for a short period. the strengthening of USD not based on fundamentals (Vic of course will disagree) provided an excellent chance to profit. i was looking for the dollar to weaken much later (december) and the sudden swing rather surprised me. but the proverbial Fat Lady has not sung yet. my view is that there will be many more opportunities to profit from dollar swings.

btw, i am not leaving yet and still be about two weeks with you.

[highdiver]

sometimes [not always] even an uneducated Klingon warrior makes the right move when it concerns "earthly" currency units

USD/€UR 1.32480

USD/GBP 1.65909

That was a brillant move Naam. Hope everything goes well for your operation. Look forward to you returning soon, keep us posted from Germany on how thing are going. Don't freeze your butt off over there.

not that brilliant BDT. i do these kind of trades since many years and never for a short period. the strengthening of USD not based on fundamentals (Vic of course will disagree) provided an excellent chance to profit. i was looking for the dollar to weaken much later (december) and the sudden swing rather surprised me. but the proverbial Fat Lady has not sung yet. my view is that there will be many more opportunities to profit from dollar swings.

btw, i am not leaving yet and still be about two weeks with you.

Naam

i wish you all the best with the operation. come back quickly and in good health.

As a volacan to a klingon ....I realy will miss your voice of logic. take care.

[Livinginexile]

The buck is up and down like a new brides nickers lately

I think it's a safe bet the greenback will keep strengthening.

It will trend up over the majors for the next few months.

[LaoPo]

The buck is up and down like a new brides nickers lately

I think it's a safe bet the greenback will keep strengthening.

It will trend up over the majors for the next few months.

Interesting....and what fundamentals make you think so if I may ask ?

What is so strong in the US economy that justifies such a strong dollar ?

LaoPo

[unomi]

http://free.charts.xe.com/Misc/promoChart.asp

[LaoPo]

http://free.charts.xe.com/Misc/promoChart.asp

Posting links without any explanation why you did so doesn't makes sense...does it ?

LaoPo

[sendbaht]

The Fed also announced it will supply new lines of credit worth up to $30 billion to the central banks of South Korea, Brazil, Mexico and Singapore to shore up confidence and help deal with the global credit crisis. Every one get in line.

[unomi]

No, I suppose not.

The link I thought to be self-explanatory of the content.

http://free.charts.xe.com/Misc/promoChart.asp

xe is a fairly well known currency exchange site, they host a free online exchange rate charting app.

I would imagine that people could go there and see the movement of the usd against different currencies and come to some idea of what the dollar is doing.

I can't presume to have some insight to offer on the back of the currency movement charts, just thought it could be an interesting tool for those of us that do not have access to realtime consoles.

[Naam]

The buck is up and down like a new brides nickers lately

but that's the "beeyootee" of the nowadays dollar! these fluctuations enable me to make a buck or two with every cent of difference , be it up or down... if my bet is right

[Naam]

No, I suppose not. The link I thought to be self-explanatory of the content. xe is a fairly well known currency exchange site, they host a free online exchange rate charting app. I would imagine that people could go there and see the movement of the usd against different currencies and come to some idea of what the dollar is doing.

I can't presume to have some insight to offer on the back of the currency movement charts

, just thought it could be an interesting tool for those of us that do not have access to realtime consoles.

there are two schools Unomi. one is the scientific anal approach my good friend (i am not joking!) Lannarebirth applies, the other one is the layman's (mine) approach which is based on... ahmmmm... whatchamacallit... i forgot what method i am using anyway, sometimes my method works, sometimes it does not

[PeaceBlondie]

As for the dollar's strength against major currencies like the euro and pound, they may have been overvalued. As for the baht, it was overvalued and is not jumping back to where it might belong, due in large part to intervention by the BOT. And, this dollar strengthening may be related to all those new infusions of capital or fiat money into the system, denominated in dollars. It may relate to the unwinding of the derivative fiasco, or the price of durian in Boston.

[Wonderboy]

Siam-A, your claim is based on GDP per capita which is an irrelevant calculated average without any true meaning (except for eggheads teaching eggheads-to-be in universities). the same goes for GDP per se which contains irrelevant data. a good example for my claim is that GDP data contains salaries of soldiers, the production of weapons and the working "value" a hamburger flipper. i could go on adding another few hundred points but i prefer to rest my case

Naam, I do not argue against you. But if GDP includes all those things (and as unproductive as those jobs are, they do contribute to the national economy), then what does measure a nation's productivity? Or are these just silly measures that are far, far overemphasized? Thailand is struggling to have GDP growth when it needs something else, lots else.

I dont agree with Naam that GDP is irrelevant, it gives a good indication about the real picture, but he do have a point. GDP is flawed as it does not really say much about the relative buying power. If a substantial amount of the GDP is spent on wars and other non-beneficial activities it does not mean much as a measure of living standard. Aditionally a Thai fisherman will raise his countries GDP a magnitude less than a European fisherman catching exactly the same amount of fish, yet they contribute just as much in real values. To elaborate, Norway is one of the highest ranking countries measured in GDP, but it is also one of the most expensive to live in. 100 dollars gives you a few meals at a restaurant in Norway, maybe twice as many in US and a multiple of that in Thailand. In general I see prices lower in the US than in the Eurozone, yet the wages are comparable or even higher so for buying power it is hard to beat the US. Then again they work a lot more in the US. I value my holidays...

WB

Edited October 31, 2008 by Wonderboy