Blog > Archive by tag 'demise of the dollar'
by J. Christoph Amberger
Baltimore — (TFN): When U.S. manufacturers and exporters lobbied the Bush Administration back in late 2001 to reduce the valuation of the US dollar against currencies like the yen and the euro (which was about to replace all individual national currencies in the Eurozone on January 2, 2002), the reply was that [...]
Baltimore — (TFN): Given recent volatility and the prospects of lowered consumer demand from the States, should we continue to invest in China and India? Where is the US economy headed in 2008? William Bonner, founder of Agora Inc. and bestselling financial author, comments on the demise of the dollar, its effect on other [...]
Tags: Addison Wiggin, Bill Bonner, china, contrarian investing, daily reckoning, demise of the dollar, dollar, empire of debt, finance, Financial, financial reckoning day, global investing, India, International Investing, iousa, krista das, stocks, video
"Like the followers of a doomsday cult, the forecasters of financial doom are as flexible as Gumby at a Kama Sutra tutorial when it comes to accommodate ever new deadlines for the imminent great crash. And like their colleagues at the weather center, they stand a good chance that they'll get it right eventually." — [...]
“Another 10% appreciation of the euro against the dollar would cost the European economies half a percentage point in economic growth. While manufacturers and exporters still are sitting on solid order backlogs, it remains to be seen if orders keep coming in when exchange rates alone are adding a 10% premium to European products…” — [...]
Tags: Addison Wiggin, Bill Bonner, decline, demise of the dollar, dollar, dr doom, empire of debt, euro, finance, Financial, hard money, peter schiff
“The rising euro is really destroying jobs, but hardly any attention is being paid to it anymore. It’s odd because the exchange rate is, at the moment, incredibly important for our continued economic growth.” — Peter Bofinger
Blogger’s Note: Peter Bofinger is one of the “Wise Men” that the German government relies on for accurate forecasts [...]