Narky
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A dollar crash wouldn't be good for anyone tbh. UK is one of biggest investors in US. Who is China gonna sell to if Amercan's are made poor peasants overnight ? :p |
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Santosh
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Unlikely. Several factors point out to the same.
Though factors like rising inflation and falling stock markets point to US heaing towards recession, economic data points towards falling unemployment in non-farm payrolls along with stable demand from retail customers. US dollar showed a falling tred to the Euro and JPY in the start of the first quarter, but contrarian views indicate a softening of interest rates and stabilisatin of the dollar by the beginning of the third quarter of 2007 |
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geoff w
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wouldnt think so ...Fort Knox Gold Reserves wont let it it |
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Afro
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I would like to see the US brought down a peg or two...
To the level of third world countries would be good. |
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clever investor
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I doubt it, if the US dollar goes much lower other currencies will have major problems. This has nothing to do with gold reserves but about world economics. Other countries such as China at the moment have huge dollar reserves so if the dollar starts to drop they will loose value. The dollar may drop a bit further but it is close to a base that will drag other currencies down with it. And when that happens a form of support occurs and the drop in value stops. |
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masterjoran fishermanfriends
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it's going down few weeks ago and up a bit this week... |
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flower
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what goes up will come down. what goes down will come up too.
no need to worry. |
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ill take it straight with no ice
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yes, just like global warming |
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sugerman
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i believe that the USA dollar will not fail cause small convenient stores or even big would not always want to break a one |
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ebonybailey2007
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im always amazed at the scare tactics of some people, the US dollar has had a good time recently and the markets are just setting things right again, just like the Yen, give it 2 or 3 weeks and the panic will be over. Now if you will excuse me Im back off to my bunker. |
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?
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yes big time and i look foward to se that happen |
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Lorne
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It might! unless it steadily appreciates in value and regains parity with the Euro. |
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magicalmke
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No!
Like many I've been skeptical of the $'s valuation given the large current account deficits, but...
I attended a recent meeting of the local chartered financial analysts society who had a prestigious money manager give a speech on the short term economic outlook. He made one ingenious point, if the $ was to crash, the very people who are currently benefiting from the deficit would be crushed. China holding large US $ reserves would be devastated if the US $ collapsed. Not to mention much of Europe, Japan, South America and many 3rd world nations. Since it is these foreign governments' acceptance of the US $ that has kept the currency so stable despite all economic signs pointing towards large depreciation, it is hard to believe they would hurt their own wealth through changing policies and thus devaluation much of their foreign reserves.
My guess is we will continue to see steady devaluation assuming macroeconomic factors continue as they have been recently. |
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