Bottomfeeder 244 Posted July 25, 2007 Share Posted July 25, 2007 I'm lovin' it. Watching the Dollar crumble against other currencies just makes my day. And, forget about Bernanke lowering rates again, he can't. The dollar can't take anymore, LMAO. September 20, 2005"Usually, an ounce of gold buys about 15 barrels of oil. But with the run-up in oil prices, it now takes two ounces of gold to buy 15 barrels. Gold hit a new high for this cycle; December contracts traded for $463.30 on Friday. Why is gold lagging oil? Because inflation is not the problem...not yet, anyway." "Our advice: get a used car, rent a house, and buy gold." http://www.lewrockwell.com/bonner/bonner149.html "Our advice: get a used car, rent a house, and buy gold." And, I am. Link to comment Share on other sites More sharing options...
MDM4AU 336 Posted July 25, 2007 Share Posted July 25, 2007 So you are "lovin' it" that the dollar is "crumbling"? Link to comment Share on other sites More sharing options...
Bottomfeeder 244 Posted July 25, 2007 Author Share Posted July 25, 2007 So you are "lovin' it" that the dollar is "crumbling"? Yea. Link to comment Share on other sites More sharing options...
AURaptor 1,128 Posted July 25, 2007 Share Posted July 25, 2007 So you are "lovin' it" that the dollar is "crumbling"? The wacko loon hates America, and wants to see her fail. No matter what. Link to comment Share on other sites More sharing options...
otterinbham 0 Posted July 25, 2007 Share Posted July 25, 2007 Hate to disappoint you, Bottom, but a falling dollar is neither a bad or good thing, unless you have your heart set on a new Audi or a vacation to London. While imports get more expensive, export trade expands. In fact, the favorable exchange rate seems to be fueling a large pickup in overseas orders. Further, a lower dollar actually stimulates foreign investment, increasing our current account balance. Lew Rockwell isn't a very good economist. Never has been. He's always appealed to the Sky-Is-Falling Crowd, of whom you seem to be a card-carrying member. Link to comment Share on other sites More sharing options...
Bottomfeeder 244 Posted July 26, 2007 Author Share Posted July 26, 2007 Exactly. But, there still remains a downside risk in US Dollar dominated assets. Link to comment Share on other sites More sharing options...
Tigermike 3,076 Posted July 26, 2007 Share Posted July 26, 2007 Lew Rockwell isn't a very good economist. Never has been. He's always appealed to the Sky-Is-Falling Crowd, of whom you seem to be a card-carrying member. Exactly. It's good to see Bottomfeeder is staying on his meds this week. Link to comment Share on other sites More sharing options...
Tiger in Spain 0 Posted July 26, 2007 Share Posted July 26, 2007 BF, dude do yourself a favor and enroll in an economics class and stay away from youtube. It'll do you a lot of good. Link to comment Share on other sites More sharing options...
BamaGrad03 0 Posted July 27, 2007 Share Posted July 27, 2007 Dow was down 311 points yesterday, and is still at 13,457 Link to comment Share on other sites More sharing options...
AU_tiger_2000 0 Posted July 27, 2007 Share Posted July 27, 2007 Why is gold lagging oil? Because inflation is not the problem...not yet, anyway." If inflation is not the problem that means that the value of the dollar is not decreasing but that the value of other commodities is increasing. Link to comment Share on other sites More sharing options...
Bottomfeeder 244 Posted July 27, 2007 Author Share Posted July 27, 2007 Why is gold lagging oil? Because inflation is not the problem...not yet, anyway." If inflation is not the problem that means that the value of the dollar is not decreasing but that the value of other commodities is increasing. I agree. http://www.pinr.com/report.php?ac=view_pri...p;language_id=1 Link to comment Share on other sites More sharing options...
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