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Fundamentals of U.S. Economy

Discussion in 'News' started by metallix, Jan 19, 2006.

  1. metallix

    metallix Elite Member

    Joined: Oct 7, 2001 Messages: 2,955 Likes Received: 1
    (sorry i put this into the wrong forum)
    -Declining housing market
    -Investment of wealth into non productive assets (war)
    -Net debtor Nation
    -Rising costs of fuel
    -10 Year high of Gold

    "Risks to the global economy, for example a record current account deficit in the U.S. that could prompt currency traders to drive down the value of the dollar and make European goods more expensive to buyers overseas, ``remain unchanged,'' he said.

    ``They haven't unloaded and we hope that it will stay like that, that the imbalances are reduced in a gradual and bearable manner,'' Issing said. "[​IMG]

    http://quote.bloomberg.com/apps/news?pid=1...qrpE&refer=home


    Monthly Dollar Chart:

    [​IMG]


    [​IMG]

    Eur Vs. USD



    Which currency would offer the best trade (not investment?)
    Are we going to see a gold decline?
    Buy into gold or sell gold?
    Buy oil or sell oil?
    Nigeria/Iran influence oil price up? today there 65/66 will there be 70?
    Recession or Depression?
     
  2. Dirty_habiT

    Dirty_habiT Dirty Dozen Crew

    Joined: Mar 8, 2001 Messages: 18,058 Likes Received: 47
  3. PUMPKIN ESCOBAR

    PUMPKIN ESCOBAR Senior Member

    Joined: Oct 19, 2004 Messages: 2,443 Likes Received: 34
  4. KING BLING

    KING BLING Guest

  5. angelofdeath

    angelofdeath Elite Member

    Joined: Sep 15, 2002 Messages: 4,375 Likes Received: 79
    gold is historically the most stable currency and is how one determines the stability of thier currency. since we started counterfeiting money, the dollar is decreasing in value every second, and the fed is robbing us blind through inflation. where are the protests?

    as for buying gold, its like anything else. when everyone is selling it, you buy it. it has been down for 20 years, look at it now.
     
  6. Dawood

    Dawood Elite Member

    Joined: May 8, 2002 Messages: 4,677 Likes Received: 146
    I was seriously considering buying a gang of gold a few years ago when I had a little change laying around. I wish I did then, Oh well, next time.
     
  7. John Birch

    John Birch Member

    Joined: Apr 14, 2004 Messages: 747 Likes Received: 0
    stocks are doing better, which usually means the economy is sucking, strangely enough, but my mutual funds just had a big jump in value...


    cha-ching
     
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