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FluffyMcDeath
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Joined: 17 May 2005
Posts: 1444
Location: Vancouver BC


    Posted: Mon Oct 22, 2007 10:29 am

Fade wrote:
Red said

DOW is currently down ~240 points.

http://finance.yahoo.com/q?s=%5EDJI

It's been one choppy ass market last few days. Hang on tight.
---------------------------------

Of course you know what all this means don't you?

If it falls a couple of thousand more, it will be back to Clinton's best days. Shiver!

Hoo yeah! And then if it falls another eight thousand points after that it'll be down to Reagan's best day ever!
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faethor
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Joined: 25 Aug 2005
Posts: 2011
Location: Minneapolis, Minnesota


    Posted: Mon Oct 22, 2007 10:31 pm

A total of 8% of Americans say that the national economy is getting better, 18% say it is staying the same, and 69% say the national economy is getting worse....

A total of 18% of Americans say they believe the national economy will be better a year from now, 27% say it will be the same, 53% say it will be worse, and 2% are undecided....

A total of 38% of Americans rate the national economy as excellent, very good, or good and 61% rate it as bad, very bad, or terrible...according to the latest survey from the American Research Group.
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FluffyMcDeath
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    Posted: Tue Oct 23, 2007 12:09 pm

IMF say the UD dollar is over valued.
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ltstanfo
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Joined: 01 Apr 2005
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    Posted: Tue Oct 23, 2007 12:13 pm

FluffyMcDeath wrote:
IMF say the UD dollar is over valued.


I'm not sure what to make out of that, particularly since (IIRC) they also state that the UK pound is over valued. If any currency is stable I would think it was the pound.

Regards,
Ltstanfo
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Living in the great state of Alabama, where gun control is hitting what you aim at!
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FluffyMcDeath
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    Posted: Tue Oct 23, 2007 2:06 pm

ltstanfo wrote:

I'm not sure what to make out of that, particularly since (IIRC) they also state that the UK pound is over valued. If any currency is stable I would think it was the pound.

Regards,
Ltstanfo


I think that's a good call.

If any currency were stable, the pound would be stable.

Therefore, logically, since the pound is not stable, not any currency is stable.

Let's face it. All modern fiat currencies are just numbers on paper theoretically representing the wealth of the issuer. But it IS just a number. Holding currency doesn't mean that you can buy anything with it.
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FluffyMcDeath
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    Posted: Tue Oct 23, 2007 2:08 pm

Americans tapping their 401ks.
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FluffyMcDeath
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    Posted: Thu Oct 25, 2007 5:37 pm

7.9 billion write-down for Merrill Lynch and Bank of America laying off 3,000.
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Robert
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    Posted: Fri Oct 26, 2007 12:19 pm

Oil now $92+ per barrel.
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FluffyMcDeath
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    Posted: Fri Oct 26, 2007 12:43 pm

Robert wrote:
Oil now $92+ per barrel.

Yes, that's more than $88 in Canadian dollars.
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Robert
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    Posted: Fri Oct 26, 2007 5:10 pm

FluffyMcDeath wrote:
Robert wrote:
Oil now $92+ per barrel.

Yes, that's more than $88 in Canadian dollars.


And about forty four quid.
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