I'MMA LET YOU FINISH
frist
frist
My dollar fell, and it can't get up.
My dollar fell, and it can't get up.
Should your economist hat get rusty, since you are after all... an economist?
Should your economist hat get rusty, since you are after all... an economist?
hey, did that "killer smile" assholey person ever come back?
& why were they bein such an asshole?
hey, did that "killer smile" assholey person ever come back?
& why were they bein such an asshole?
uncovered interest parity on Christmas Eve? Was it for this Jesus chased the money changers from the temple?
uncovered interest parity on Christmas Eve? Was it for this Jesus chased the money changers from the temple?
Didn't something like this happen in the seventies. I remember outrage at the Japanese owning Rockefeller Plaza, and every thing that wasn't nailed down. Then the dollor dropped and some consortium bought it back a big discount.The big boys always make out okay.
Didn't something like this happen in the seventies. I remember outrage at the Japanese owning Rockefeller Plaza, and every thing that wasn't nailed down. Then the dollor dropped and some consortium bought it back a big discount.The big boys always make out okay.
And as the $ falls, the USA tourist agency has started showing Advertisements here in the UK suggesting (almost begging) us Europeans to come and vist America.
They show a few highlights, shopping in New York, and then cut away to shots of the Grand Canyon, while the voice over says "you have seen the movies, now visit the sets"
I thought the Republicans hated both Hollywood and us Europeans. I guess they can exuse us if we bring cash....
And as the $ falls, the USA tourist agency has started showing Advertisements here in the UK suggesting (almost begging) us Europeans to come and vist America.
They show a few highlights, shopping in New York, and then cut away to shots of the Grand Canyon, while the voice over says "you have seen the movies, now visit the sets"
I thought the Republicans hated both Hollywood and us Europeans. I guess they can exuse us if we bring cash....
I thought the Republicans hated both Hollywood and us Europeans.
They hate them so much that a European from Hollywood may be their candidate in '08.
I thought the Republicans hated both Hollywood and us Europeans.
They hate them so much that a European from Hollywood may be their candidate in '08.
but I think it's whether one is worried about the fallen dollar or the falling dollar
Prof. Atrios: are you suggesting that economic indicators do not behave as statistics generated by a simple Markovian process but instead have memory?
Next thing you know, you'll be suggesting that markets can have feedback loops leading to potentially chaotic behavior and that they are not always efficient.
Or that profits can be a sign of inefficiency in the work out/work in sense. Or that the military is getting reamed by private contractors and this is one example of how privatization doesn't always make economic sense.
You should stop making economic sense just as you should stop correcting your mistatements - both might be considered un-American
< /snark >
but I think it's whether one is worried about the fallen dollar or the falling dollar
Prof. Atrios: are you suggesting that economic indicators do not behave as statistics generated by a simple Markovian process but instead have memory?
Next thing you know, you'll be suggesting that markets can have feedback loops leading to potentially chaotic behavior and that they are not always efficient.
Or that profits can be a sign of inefficiency in the work out/work in sense. Or that the military is getting reamed by private contractors and this is one example of how privatization doesn't always make economic sense.
You should stop making economic sense just as you should stop correcting your mistatements - both might be considered un-American
< /snark >
DAS,
Someone once told me the following (you've probably heard this):
"Economics is the only subject in which two people can win the Nobel Prize for saying completely opposite things."
It never seems like anybody is ever able to control all the variables in economic theory to actually prove anything. I feel like Alan Greenspan is literally the human version of Yoda, using the force to control the global markets.
DAS,
Someone once told me the following (you've probably heard this):
"Economics is the only subject in which two people can win the Nobel Prize for saying completely opposite things."
It never seems like anybody is ever able to control all the variables in economic theory to actually prove anything. I feel like Alan Greenspan is literally the human version of Yoda, using the force to control the global markets.
Don't know shit about economics. Don't have to. I've got the Pope's PIN number.
Don't know shit about economics. Don't have to. I've got the Pope's PIN number.
"cut away to shots of the Grand Canyon, while the voice over says "you have seen the movies, now visit the sets""
Erhhhmmm sally? That's most likely the Arizona Tourist Board flogging the Grand Canyon - the UK just closed its marketing office here in Phoenix as unprofitable, but we do advertise the wonders of the Grand Canyon State rather a lot. It's okay tho - you can just send money if you'd rather not stay.
"cut away to shots of the Grand Canyon, while the voice over says "you have seen the movies, now visit the sets""
Erhhhmmm sally? That's most likely the Arizona Tourist Board flogging the Grand Canyon - the UK just closed its marketing office here in Phoenix as unprofitable, but we do advertise the wonders of the Grand Canyon State rather a lot. It's okay tho - you can just send money if you'd rather not stay.
We don't want your steenkin' dollars.
We don't want your steenkin' dollars.
GWPDA
It such a big deal coming to the USA now. You have to fill in forms and allow the US authorities access to all kinds of private information. Not worth the hasle I am afraid.
GWPDA
It such a big deal coming to the USA now. You have to fill in forms and allow the US authorities access to all kinds of private information. Not worth the hasle I am afraid.
Well, sally, that's why we in the great Tourist State of Arizona now have this really great tollfree number where you can call, we'll tell you what the weather is, we can photoshop you a nice snap of you golfing somewhere, and send you many handsome souvenirs - all, for a very modest charge. You don't have to visit, you get a memento you'll treasure forever, we'll get your money, and I don't have to drive behind people unfamiliar with the concept of the 'right side of the road' and 'miles per hour' rather than kilometers. We think it's a winner!
Well, sally, that's why we in the great Tourist State of Arizona now have this really great tollfree number where you can call, we'll tell you what the weather is, we can photoshop you a nice snap of you golfing somewhere, and send you many handsome souvenirs - all, for a very modest charge. You don't have to visit, you get a memento you'll treasure forever, we'll get your money, and I don't have to drive behind people unfamiliar with the concept of the 'right side of the road' and 'miles per hour' rather than kilometers. We think it's a winner!
We still use miles per hour here in the UK, but we do indeed drive on the left.
Don't think I will take you up on your kind offer of a 'virtual' holiday though. I imagine if the $ keeps falling, there will be penty of us Brits buying up real Estate in Florida though. That should start another wing nut outrage, as we price many Americans out of property. Dammed if we visit..... dammed if we don't.
We still use miles per hour here in the UK, but we do indeed drive on the left.
Don't think I will take you up on your kind offer of a 'virtual' holiday though. I imagine if the $ keeps falling, there will be penty of us Brits buying up real Estate in Florida though. That should start another wing nut outrage, as we price many Americans out of property. Dammed if we visit..... dammed if we don't.
"We still use miles per hour here in the UK, but we do indeed drive on the left."
May I recommend visiting Grandmother Country then? I don't think body cavity searches are required yet, and you too can experience the joys of figuring out the correct speed on the fly (but Officer how could I have been going 125? It's an Escort!)
"We still use miles per hour here in the UK, but we do indeed drive on the left."
May I recommend visiting Grandmother Country then? I don't think body cavity searches are required yet, and you too can experience the joys of figuring out the correct speed on the fly (but Officer how could I have been going 125? It's an Escort!)
the central banks holding usa paper are national banks that reflect the needs of the nation they represent...when those needs shift the investments shift along with the intentional results...the communist chinese make enough money from the balance of trade that when the time comes and they shift to the euro it will over for the usa as the leader in economic stability...
the central banks holding usa paper are national banks that reflect the needs of the nation they represent...when those needs shift the investments shift along with the intentional results...the communist chinese make enough money from the balance of trade that when the time comes and they shift to the euro it will over for the usa as the leader in economic stability...
I seem to recall the British going through one devaluation after another in the 50's. Each one was supposed to increase exports and decrease imports. Somehow, it never quite seemed to work out that way.
Of course every time, the govt. would proclaim that devaluation was not going to occur, thus giving the speculators plenty of time to sell the pound short.
I seem to recall the British going through one devaluation after another in the 50's. Each one was supposed to increase exports and decrease imports. Somehow, it never quite seemed to work out that way.
Of course every time, the govt. would proclaim that devaluation was not going to occur, thus giving the speculators plenty of time to sell the pound short.
the central banks holding usa paper are national banks that reflect the needs of the nation they represent...when those needs shift the investments shift along with the intentional results...the communist chinese make enough money from the balance of trade that when the time comes and they shift to the euro it will over for the usa as the leader in economic stability...
the central banks holding usa paper are national banks that reflect the needs of the nation they represent...when those needs shift the investments shift along with the intentional results...the communist chinese make enough money from the balance of trade that when the time comes and they shift to the euro it will over for the usa as the leader in economic stability...
oops...
oops...
No sense in worrying cause Cheney told us that Reagan proved that deficits dont matter.The coming boom in Ebay cheese sandwich virgin marys' will make the usa the biggest exporter of religious paraphenalia since Tetzel began peddling indulgences all over Europe.
No sense in worrying cause Cheney told us that Reagan proved that deficits dont matter.The coming boom in Ebay cheese sandwich virgin marys' will make the usa the biggest exporter of religious paraphenalia since Tetzel began peddling indulgences all over Europe.
I have lived through three major dollar revisions that were declines.
Every damn time, after two years, ALL HELL BROKE.
I have lived through three major dollar revisions that were declines.
Every damn time, after two years, ALL HELL BROKE.
I thought the circular flow was the action of supply and demand. People actually trading US dollars for goods, services, and investments.
The foreign exchange rate was to some major extent the product of the balance of supply and demand caused by the circular flow of US dollars.
The other factor for the US is the trust it has as "the world's currency" based on economic stability and its position as the largest consumer market.
Unfortunately US consumption, both private and public, is based upon massive borrowing. Borrowing increases the amount of US dollars in circulation leading to either inflationary pressures or devaluation.
Currently demand for the public debt issuances in this calculation have come from Asian Central Banks (Japan, mainland China, Korea, Hong Kong, and ASEAN)
Those who look solely at the foreign exchange rate will seem more positive about affairs because they see one indicator which has a history of being fairly stable. Those who look at the circular flow will be more pessimistic because they wonder about factors like can consumer credit snap creating a drop in the placement of US as the world's largest import market. And is there a point where US public debt supply will overstrip public debt demand? And if so, is it likely that a small Snow Fall might turn in to an unstoppable avalanche?
With more writers in places like FT suggesting it'll be a smaller market player like Indonesia starting the rush to the exit door on buying US public debt. Also the end path of reform for the Chinese yuan and Hong Kong dollars and Malayian rupiah and whether it's a free float versus pegging against a currency basket is crucial, cuz whomever the Chinese choose for a basket will gain prestige at the loss of prestige and demand for the US dollar. (think of stock market index mutual funds having to sell and buy stocks as they get removed or added to an index and how the increase in demand or loss of demand will affect stock prices for those companies.)
I thought the circular flow was the action of supply and demand. People actually trading US dollars for goods, services, and investments.
The foreign exchange rate was to some major extent the product of the balance of supply and demand caused by the circular flow of US dollars.
The other factor for the US is the trust it has as "the world's currency" based on economic stability and its position as the largest consumer market.
Unfortunately US consumption, both private and public, is based upon massive borrowing. Borrowing increases the amount of US dollars in circulation leading to either inflationary pressures or devaluation.
Currently demand for the public debt issuances in this calculation have come from Asian Central Banks (Japan, mainland China, Korea, Hong Kong, and ASEAN)
Those who look solely at the foreign exchange rate will seem more positive about affairs because they see one indicator which has a history of being fairly stable. Those who look at the circular flow will be more pessimistic because they wonder about factors like can consumer credit snap creating a drop in the placement of US as the world's largest import market. And is there a point where US public debt supply will overstrip public debt demand? And if so, is it likely that a small Snow Fall might turn in to an unstoppable avalanche?
With more writers in places like FT suggesting it'll be a smaller market player like Indonesia starting the rush to the exit door on buying US public debt. Also the end path of reform for the Chinese yuan and Hong Kong dollars and Malayian rupiah and whether it's a free float versus pegging against a currency basket is crucial, cuz whomever the Chinese choose for a basket will gain prestige at the loss of prestige and demand for the US dollar. (think of stock market index mutual funds having to sell and buy stocks as they get removed or added to an index and how the increase in demand or loss of demand will affect stock prices for those companies.)
Geez, Tom, just after I took a huge hit. What are you sayin'? Is the circular view in effect? Are foreigners waiting to get out, but don't want to be first? Is English your second language? Or mine? That final parenthisized scenario is going to take me a week to translate. help.
Geez, Tom, just after I took a huge hit. What are you sayin'? Is the circular view in effect? Are foreigners waiting to get out, but don't want to be first? Is English your second language? Or mine? That final parenthisized scenario is going to take me a week to translate. help.
parenthesized, I meant. Prolly ain't even a word.
parenthesized, I meant. Prolly ain't even a word.
It's a lot easier to simply say: "The economy is completely screwed, and it's the Bush regime's fault."
It's a lot easier to simply say: "The economy is completely screwed, and it's the Bush regime's fault."
The fallacy of the falling dollar theory is that increased domestic purchases will lead to rising wages. Over the last 2 years the domestic stock market is up over 30% - but wages are up less than 1%. Since wages are stagnant and cheap imported products are no longer quite so cheap - I think the logical result is less spending here in the US. The trade deficit could be reduced - but since China pegs their currency to the dollar - as US products become cheaper - so do the Chinese. I think the fallen dollar scenario is much more likely.
The fallacy of the falling dollar theory is that increased domestic purchases will lead to rising wages. Over the last 2 years the domestic stock market is up over 30% - but wages are up less than 1%. Since wages are stagnant and cheap imported products are no longer quite so cheap - I think the logical result is less spending here in the US. The trade deficit could be reduced - but since China pegs their currency to the dollar - as US products become cheaper - so do the Chinese. I think the fallen dollar scenario is much more likely.
Characters Remaining:
Commenting by HaloScan
