EURO vs USD

[LEBANESE-CIA]

In lebanon playing with the LL/$ is a double edge sword.
If the lebanese gov prope the LL againt the dollar the purchase power of their hard currencies suffer on the internal level, But the puchasing power of the LL improve on the internal level.
The value of debt in $ decrease (in value) as LL exchange rate increases,
the value of debt in LL increase (in value) as $ exchange rate decrease.
it is a delicate equation. that is why the Leb gov is keeping the peg of LL/$ in check to a certain degree.

on of the Top best investment in lebanon is LANDs LANDs and LANDs.

[J. Abizeid]

Originally Posted by LEBANESE-CIA

In lebanon playing with the LL/$ is a double edge sword.
If the lebanese gov prope the LL againt the dollar the purchase power of their hard currencies suffer on the internal level, But the puchasing power of the LL improve on the internal level.
The value of debt in $ decrease (in value) as LL exchange rate increases,
the value of debt in LL increase (in value) as $ exchange rate decrease.
it is a delicate equation. that is why the Leb gov is keeping the peg of LL/$ in check to a certain degree.

on of the Top best investment in lebanon is LANDs LANDs and LANDs.

I agree with you but how about diversifying Land + Gold + LL + euros?
The only thing you don’t want to hold is US $$$$....
The US already agreed on a gradual devaluation of its dollar because that’s the least of two evils.
The way I see it, when the DOW reaches 14.000, Oil will be over $100 and the euro past $1.70. Imagine the DOW at 28.000… No I’m not crazy… 28.000 pesos that is…
It might take a year or so to see that but it sure is happening gradually and that’s the price the US is willing to pay in order to print money for their Unemployed in order to avoid riots and control crime.
The outcome will eventually be inflation and stagnation with inevitable higher interest rates. That means pain for the US consumer. On the other hand, it will be a relief for the rest of the world especially when they decouple their currencies from the US dollar.
Check out Great Britain’s history in the late 1940 after the end of the war, their debt and the devaluation of their last pillar as an empire – the Sterling Pond by a total of 42%
If you think China and the rest of the industrialized world will keep on subsidizing the dollar so they can sell their products on credit, think again. Soon you’d see the Chinese driving cars and sending their bicycles to the US. The world knows how to consume, manufacturing and working hard is the name of the game…

[LEBANESE-CIA]

Originally Posted by J. Abizeid

I agree with you but how about diversifying Land + Gold + LL + euros?
The only thing you don’t want to hold is US $$$$....
The US already agreed on a gradual devaluation of its dollar because that’s the least of two evils.
The way I see it, when the DOW reaches 14.000, Oil will be over $100 and the euro past $1.70. Imagine the DOW at 28.000… No I’m not crazy… 28.000 pesos that is…
It might take a year or so to see that but it sure is happening gradually and that’s the price the US is willing to pay in order to print money for their Unemployed in order to avoid riots and control crime.
The outcome will eventually be inflation and stagnation with inevitable higher interest rates. That means pain for the US consumer. On the other hand, it will be a relief for the rest of the world especially when they decouple their currencies from the US dollar.
Check out Great Britain’s history in the late 1940 after the end of the war, their debt and the devaluation of their last pillar as an empire – the Sterling Pond by a total of 42%
If you think China and the rest of the industrialized world will keep on subsidizing the dollar so they can sell their products on credit, think again. Soon you’d see the Chinese driving cars and sending their bicycles to the US. The world knows how to consume, manufacturing and working hard is the name of the game…

Diversification is one of the golden rule ( i'm with it always)
Dollar is bearish on the long run
Inflation bullish, so interest rate and gold.
Land always on high demand, specially in lebanon
Basket of currenies like Euro , Renminbi (yuan) , and future (gulf states) common currency.
*and "MSI"

[J. Abizeid]

Originally Posted by LEBANESE-CIA

Diversification is one of the golden rule ( i'm with it always)
Dollar is bearish on the long run
Inflation bullish, so interest rate and gold.
Land always on high demand, specially in lebanon
Basket of currenies like Euro , Renminbi (yuan) , and future (gulf states) common currency.
*and "MSI"

Eureka…
I thought I’ll never find someone who agrees with my crazy economic ideas.
Thank you!

[J. Abizeid]

Dow 9,992.13+121.07+1.23%

EUR/USD1.4914+ 0.0061
Oil74.97+0.82+1.11%



I think everyone should get the picture by now.
The question is what’s the agreed on bottom floor for the dollar gradual devaluation at which time the Feds start raising interest rate?
Raising interest rates at this moment is not an option. Inflation and weak dollar is the least of the two evils.

[J. Abizeid]

I wonder what kind of **** face the dollar is going to have on Monday!

Oil rises to new one-year high, gains 9.4% in week
Oil rises to new one-year high - MarketWatch

Industry tries to keep up with avalanche of troubled mortgages
Keeping up with an avalanche of troubled mortgages - MarketWatch

U.S. ran deficit of $1.4 trillion in fiscal 2009
Big jump in outlays as U.S. focuses on bank rescue, stimulus package
U.S. ran deficit of $1.4 trillion in fiscal 2009 - MarketWatch

[J. Abizeid]

The Dollar Is Dying a Slow Death, Says Niall 'Ascent of Money' Ferguson


The Dollar Is Dying a Slow Death says Niall 'Ascent of Money' Ferguson: Tech Ticker, Yahoo! Finance=

[ohyeah]

God bless EUR

[admiral]

Originally Posted by admiral

there is a very strong barrier lying ahead which is the psychological 1.50 level , many traders who are holding long euro positions will look very indecisive at this level since the greed /fear factor will take over their emotion , and they might push the sell trigger in case this level is not broken to the above , so i expect a lot of volatility in this area .

However if we are able to move above 1.50 -1.515 and sustain that up move for a couple of days surely the previous all time high of 1.60 will not be far away .

Today was an interesting day in forex , Euro wasnt able to hold ground at the 1.50 level , so many big forex traders including banks sold heavily their long euro positions , which resulted in 200 points drop in 3 hours interval.

the next crucial stage for the euro is to be able to go up again within a couple of days to regain the 1.50 level , if it is not able to reach that level in the coming few days , there will be some heavy downtrend correction of the Euro.

[Raficoo]

1Euro= $1.47830.. slowly Decreasing..