Dollar slide accelerates....

[dogday]

The dollar's slide against most of the world's currencies gained pace today as dealers worried over the outlook for the US economy.

Sterling and the euro are leading the charge against the embattled dollar, as interest rates are still expected to head higher in both Europe and the UK.

After a string of rate increases in the US in the past two years, the Federal Reserve has recently indicated it may pause or even cut borrowing costs. The Bank of England and the European Central Bank, on the other hand, are still widely expected to raise interest rates.

Many analysts reckon that global currencies are set for a major realignment as Europe takes over as the engine of world growth and the US starts to trip, prompting investors to sell dollar-denominated assets.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/04/13/bcndollar13.xml

[dogday]

1. Dollar weakness has been building over the last few days

<snip>

Ian Stannard, a currency analyst at BNP Paribas, said: "Dollar weakness has been building over the last few days.

</snip>

[Democrats_win]

2. Remember the good'ol days when it was just $1.17 per Euro. Now $1.35

People just don't get how bad this is. I thought $1.23 in 2005 was high. This means higher prices for everything.

link for $1.35 figure:
http://www.mercurynews.com/business/ci_5659271


Edit: link added

[dogday]

3. Read where the weakness has been building

for the past few days?

[ORDagnabbit]

4. watch these two vids and realize how screwed we are.

www.moneyasdebt.net

www.freedomtofascism.com

[lonestarnot]

5. I don't need to.

:cry:

[dogday]

6. I know but do others?

This thread is not drawing the attention it needs for people to read and understand how bad it is...

Thanks for the references, will check them out... :hi:

[ThomWV]

7. We got into Euro based stocks last year - we've been doing just fine thank you.

30% return sound nice?

[Postman]

8. Tell me more please...

what is a Euro -based stock and how do I get them?