09-25-2007, 12:22 PM
Quote:Internationally, there are a lot of other big factors that determine the value of the US dollar.
Well actually....not much. I regularly read a bit about these things, and things don't look very positive I must say.
Apprantly Bernanke also doesn't realy know what he is doing (or his .5 % interest rate decrease on a moment where the dow jones and nasdaq are sky high might in some way turn out to be a miracle plan).
It seems that he is trying to save the hedge funds and banks that invest with loaned money with as direct results that the dollar plunges. If this continues this might have very harsh consequences for (first) the american people. And those consequenses will go further than not going on holiday to Canada.
It would be interesting to hear the ideas from some lurkers that are familiar with economics, instead of me just writing down what I read elsewhere. Because it goes without saying that it would be nice to know what to do with your money before we get a crash.