Uh oh - EarlyTrading - Dollar Weakens Against Euro, Yen

[titaniumsalute]

http://www.bloomberg.com/news/2011-07-23/euro-rallies-versus-dollar-as-european-summit-eases-region-s-debt-turmoil.html

Article says a downgrade is getting ever so close now especially with the dollar losing value.

Hey thanks Repukes for really fucking fry-panning us to death.

[aquart]

1. Who are the biggest people/corporations who will lose by this?

We know they don't give a damn what we suffer. But who are the threatened big boys?

[The Hitman]

3. grr

People going to Europe in August.
:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

[titaniumsalute]

7. If you are asking about the dollar declining?

One huge thing you will see is the cost of gas will go up. Imports pricing will increase so the people exporting to us don't want to lose money with our dollar declining. Gas prices will go up for both personal and ALL businesses. Airlines would really feel it in six months. Trucking companies and truckers will feel it.

[Ruby the Liberal]

10. Every corporation/bank/entity that issues bonds

are about to have a lube-free experience.

Hedge Funds and Mutuals have been short Treasuries, but they need investment grade bonds to keep the fixed income portion of their portfoio in play.

Even globals like Blackrock Global and Ivy Asset (specialize in equity/debt in emerging markets and abroad) are exposed because the US interest rate contagion will go global.

Sorry to be the harbinger of what seems dire news, but this is nothing to fuck around with.

[Warpy]

2. That's usually good news for the stock market

since people holding strong currencies pick up suddenly cheaper US stocks.

That's not likely to be the case tomorrow.

Republicans aren't playing with fire. They're playing with an H-bomb.

[Ruby the Liberal]

11. Yes. This.

[CoffeeCat]

4. Why in the hell hasn't someone...

...asked these nasty Republicans, "You've raise the debt ceiling several times in your
political career, without batting an eyelash. What's so special about this time?"

These sick, disgusting, lying savages don't give a rip about the debt or "the precious
grandchildren" or whatever distorted reason they give for pulling this stunt. They've
bankrupted us with endless wars, tax breaks for yacht owners and mega-corporations--and
suddenly they care sooooo deeply about pinching pennies.

How can NO ONE ask them about their nasty spending habits during the past few decades; and
also about how raising the debt limit was no big deal the last dozen times???

The OP is right...they're "fry-panning us to death" and their reason for doing it are
big, f'ning lies!

:mad:

[titaniumsalute]

5. yes that's what drives me nuts

Of course the answer is corporate media not asking the hard questions.

[Ruby the Liberal]

12. It was said best in another post today.

"They do not accept the legitimacy of the Obama government and their number one overarching goal is to end it" (paraphrase)

[aquart]

14. Yeah. That's treason.

Or sedition or something worthy of a firing squad.

[girl gone mad]

6. Japan has been downgraded numerous times over the past decade.

They laugh in the direction of the failed ratings agencies.

[aquart]

13. Glow-in-the-dark Japan is your ray of hope?

Oh, goody.

[AlabamaLibrul]

8. S&P futures off 1%, gold at new all-time nominal high of $1608 n/t

[woolldog]

9. It's not too bad....

better than I thought it'd be at the open