I have lived an average of 10 years each in 3 continents. That is not a brag, simply a product of my dad's and then my lifestyle. All I can say is you have to come out of your shell and experience other nations and cultures. Only then you can have the perspective to have a meaningful conversation going on a 2 week vacation doesn't really count for much. cheers SS
http://finance.yahoo.com/q/bc?s=USDEUR=X&t=5y&l=on&z=m&q=l&c= If the US dollar is so safe, why has it crashed against the Euro the past 5 years?
True, but, you have to admit, we are talking about the future. Your 10 years in a continent that may have been stable at the time really isn't relevant for a forward looking discussion. I have a branch of the family that lived in Tehran in the 70's and all was great there too until the Shah was overthrown and they came and put people in front of firing lines after they took their houses and businesses. Is that the kind of perspective you can bring to the discussion with your vast continental experience? Ever had your shit taken from you at gun point?
Thanks for the history lesson. Ummm is this a serious question? Does safe mean it doesn't go down? Do you know what a credit spread is? Can I show you a 5 year period where the dollar surged against other currencies and have made a point of equal validity to your point?
without going into my personal details , yes I can. I have seen it happen personally. I have stayed in cities which were being bombed by US and having refugees live in my house and wondering how the whole thing was contributing to freedom. And yes that did not stop me from living there too. I have learned the virtues of offshoring wealth and the inherent mobility it provides me. This is not a discussion of whose family suffered most. thank you for keeping it civil SS
Look, you're the one that cast the first stone. There is no need to look down your nose at the arguments of people that lived in fewer continents than you. If you've seen it with your own eyes then you know its not a joke. there is a reason for relative credit spreads, instability premia in the markets and coherent arguments for the stability of U.S. markets relative to the rest of the world. I only meant to point out that living somewhere for a decade of stability adds as much perspective as my 2 week vacation when there was stability. Sorry if I offended.
I don't understand why the dollar is the safest investment in the world. How do our politicians plan on paying back this debt? The GAO is saying we'll be broke from entitlement programs alone -- and we can't grow our way out of it. Where's the logic for this? I'm surprised people aren't dashing for the doors already. And I am short the dollar. The question is how long I stay short. Furthermore, we can't point a gun at someone if China is paying our bills. They won't loan us money to make the soldiers work. Pure patriotism does not put food on the table, nor does it buy ammo.
I don't understand why the dollar is the safest investment in the world. How do our politicians plan on paying back this debt? You have to do more than reacting to daily news,ET crap. Just one number which really matters. Long term entitlements: USA 100% of GDP Germany 270% of GDP There are countries in worse shape than Germany.