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Shanghai starts one-year countdown to the largest expo ever
May 31, 2009 19:34
#41  
  • MARRIE
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>>Never underestimate the power of sex and alcohol as an aid to longevity<<

My understanding is a kind of viability that is created by self-suggestion and love of life especially when we suffer frastration feel down or step into
down hill of life.

For trade contracts are fixed in USD which is cheap now, Canadian exporters book has exchg loss though. And this is the reason gas price is up again with the U$ deppreciation. The same thing goes with gold that keeps the value of your net assets.
May 31, 2009 20:02
#42  
  • BOBERT
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My comment was meant as a joke Marrie. You take me far too seriously.

The gas price is increasing for many reasons unrelated to the depreciation of the US dollar.

1..The world economy is showing signs of a tentative recovery which will increase demand and therefore price.
2..The worlds reserve of oil is diminishing fast and it is finite.
3..The remaining reserves of oil are located in less assessable arears and are consequently more expensive to recover.
3..The relentless Indian and Chinese urbanisation and industrialisation is increasing demand.
etc. etc. etc.
May 31, 2009 20:23
#43  
  • GROWTHRING
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>>The gas price is increasing for many reasons unrelated to the depreciation of the US dollar. <<

UDS depreciation is one of the main reasons that oil price is pushed up because the quotes are in USD.
May 31, 2009 20:50
#44  
  • BOBERT
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Coolsprings, maybe you should read some of my previous comments.
Oil was trading above US$160 less than one year ago. Today it's about $US65. The US dollar hasn't depreciated THAT Much! There are many other factors playing here as well.The main one being the perceived recovery in the world economy.
Last edited by BOBERT: May 31, 2009 21:12
Jun 1, 2009 18:58
#45  
  • MARRIE
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Bobert is right. However, US is printing paper money or bailout funding. Anybody gets scared that the USD they hold will be devalued.
Jun 2, 2009 00:03
#46  
  • BOBERT
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Thanks for your support Marrie. The US dollar is collapsing like never before, and with good reason. Despite world stock markets recently recovering some lost ground, the US and Eurozone economies are still moribund and will be in the doldrums for years to come. Printing money is just delaying the inevitable. Not preventing it. This rally is just a bear trap. There is even a serious threat that the US dollar will cease to be the worlds defacto currency in coming years. Nobody trusts them anymore because of the huge current debts and inability to reduce forthcoming budget deficits. Hedge funds and creditor nations such as China see the writing on the wall. They are investing in tangible assets like commodities and exiting holdings in US$. If Chinas economy falters then both the US and Eurozone economies are headed even further south. The US will probably extract itself from this self created quagmire of debt eventually...but then again it might not. 寧為太平犬，不做亂世人
Jun 2, 2009 20:24
#47  
  • MARRIE
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The smart people in US is the smartest worldwide. But they are too smart to be kept from being trapped by themselves. The crisis exposed problems that could have been ignored or could not have been prioritized if the crisis had not exploded. So positive elements should not be ignored from this lesson.
It's like Chines saying :
"福兮祸之所依,祸兮福之所附.
Last edited by MARRIE: Jun 2, 2009 20:25
Jun 2, 2009 22:02
#48  
  • BOBERT
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Don't ever be fooled into thinking that the US has the smartest people in the world.Maybe they are better educated but not the smartest. The truely smart ones would not be working in the financial field anyway. This crisis could have been delayed longer but never avoided. There was nothing positive about the schemes which triggered this crisis. It was like a house built of cards. Once one card was removed the whole house collapsed. I disagree with your Chinese analogy. This had nothing to do with luck. The day of reckoning was always inevitable.
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