BF2S Forums CND Loonie => US Dollar

Turquoise wrote:

If the dollar falls enough over time, we may see a resurgence of manufacturing here, since our standard of living would fall as well.  We'd slowly become cheap labor in our own right....

Turquoise is making me proud tonight. *Wipes tears away*.  The key is in the pace.

I would prefer that america renovate the rust belt into a new information belt to out produce any country and stablaize our debt.

It's how cheap can you do it/sell it. Not how much can you do.

Because of the low value of the yuan China can keep the labor force happy with low incomes.

Turquoise wrote:

Kmarion wrote:

It's how cheap can you do it/sell it. Not how much can you do.

Because of the low value of the yuan China can keep the labor force happy with low incomes.

Well, they'll be happy until they start learning more about the outside world.  Once they get a clearer view of how their own government measures up to the rest of the world, they'll start demanding more from their government and more rights as well.

Yes, like I said before rookie mistake . That's a one way street they are going down.

Gold falls to one-year low in commodities sell-off
Copper falls 7% in session, set for biggest yearly percentage drop since 1988
By Moming Zhou, MarketWatch
Last update: 2:25 p.m. EDT Oct. 22, 2008Comments: 247NEW YORK (MarketWatch) -- Gold futures tumbled 4.3% Wednesday to the lowest level in one year, while copper futures were set for their worst year since 1988 in a broad sell-off that was sending stocks and commodities sharply lower.
Meanwhile, the U.S. dollar jumped against the euro and British pound, helping push down dollar-denominated commodities prices.
Gold for December delivery fell $32.80 to $735.20 an ounce on the Comex division of the New York Mercantile Exchange, the lowest closing level since October, 2007. Gold has fallen nine out of the past 10 trading sessions.
Meanwhile, December copper slumped 14.15 cents, or 7.1%, to $1.8655 a pound. The metal has dropped 39% so far this year, heading for the biggest yearly percentage drop since 1988, when trading data first became available on the Nymex.
Copper is heavily used in cars, homes and appliances and is seen as an economic barometer. See Commodities Corner.
Investors are selling and the market is seeing "declining crude, pessimistic equities, and declining commodities" at the same time, said Jon Nadler, senior analyst at Kitco Bullion Dealers.
Investment funds that were under margin calls were forced to sell even their "most desired assets such as precious metals," said Peter Spina, president of GoldSeek.com. There could be "more victims of the fund collapse and more forced liquidations." See related story about commodities.
In the equity market, major indexes in Asia and Europe fell sharply Wednesday, while U.S. stocks also slumped. See Market Snapshot.
Crude futures tumbled as much as 7% to the lowest in more than 16 months. Lower crude prices ease inflation concerns and diminish gold's appeal as a hedge against rising prices. See Futures Movers.
On currencies, the dollar continued its rise against the euro, with the European currency trading below $1.3 for the first time since February 2007. The British pound fell to the weakest against the dollar in five years. See Currencies.
A strengthening dollar tends to reduce gold's appeal as an alternative investment.
Gold ETFs
In exchange-traded funds, gold in the SPDR Gold Trust, the largest gold ETF, stood at 755.64 tons Tuesday, 0.61 tons lower than Monday, according to the latest data from the fund. Gold at SPDR hit record high of 770.64 tons on Oct. 10.
Elsewhere, December silver lost 6.1% to $9.46 an ounce. January platinum slid 3.9% to $857.20 an ounce, and December palladium fell 1.6% to $180.10 an ounce.
In spot trading, the London gold-fixing price -- used as a benchmark for gold for immediate delivery -- stood at $744 an ounce Wednesday afternoon local time, down $28 from Tuesday afternoon. 
Moming Zhou is a MarketWatch reporter, based in San Francisco.

shadowkila wrote:

http://money.canoe.ca/News/Economy/2007/06/01/4226537.html

Our money is going to be better then yours soon!

"The Canadian dollar will be worth as much as the greenback by the end of this year"
I guess you'll be seeing me shopping in your country more often.

It's already happened once...and then dropped right back down to where it belongs. Uppity Canucks.

Superior Mind wrote:

FEOS wrote:

Uppity Canucks.

Literally?

srsly?

If there was less oil and less copper, wouldn't the price for each be higher rather than lower?

Commodity bubbles are driven by speculators...who aren't employed by bank cartels, business thugs or government criminals. Last time I checked, anyway.

Turquoise wrote:

Liberal-Sl@yer wrote:

US needs to export like it use to in the industrial age. Then our currency > than all currency

You do realize that you want your currency value to be down when you export, so that other nations can buy your goods cheaper that way.

It's funny that you mention that though....  If the dollar falls enough over time, we may see a resurgence of manufacturing here, since our standard of living would fall as well.  We'd slowly become cheap labor in our own right....

...not if the unions are still involved.

Mek-Stizzle wrote:

*cough* pound sterling *cough*

Bye now.

I posted this post when the £ was like $2.00, now it's like $1.52

damn

So much for that US shopping spree

Last edited by Mek-Stizzle (2008-10-24 03:01:21)