The strength of our dollar

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PANDA_IHB

PANDA_IHB

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The U.S. dollar held up very well in 2008. How many of you believe that this will continue to last until end of this year. With a steep drop in the dollar in Dec '08, it seems that it has rebounded again since Jan 1, 2009. I am just not sure if we are going to see a huge drop like we saw in December. How is the recently approved stimulus package going to effect the value of our dollar? Bail or Hold?
 
We're going to get pounded against the Yen and the Sheckle, but we will outperform against everything else because we are in far better shape than the rest of the world. That doesn't mean we don't suck, rather, we suck less than everyone else.
 
[quote author="BlackVault CM" date=1234482255]I just bought some Zimbabwe dollars. It will come back and surpass the US dollar.</blockquote>


Right after they give my buddy his farm back.
 
[quote author="no_vaseline" date=1234482320]We're going to get pounded against the Yen and the Sheckle, but we will outperform against everything else because we are in far better shape than the rest of the world. That doesn't mean we don't suck, rather, we suck less than everyone else.</blockquote>


Novas, why do you think Yen will do better than the dollar in '09? What is your reasoning behind this?
 
[quote author="awgee" date=1234342575]<a href="http://anonymousmonetarist.blogspot.com/2009/02/its-d-thang.html">This isn't your daddy's recession</a></blockquote>


Have you read this article written by Sandra Ward yet? The whole read is decent, but to answer your question, the bottom 3rd of the article is probably what you're most interested in.
 
[quote author="PANDA" date=1234482591][quote author="no_vaseline" date=1234482320]We're going to get pounded against the Yen and the Sheckle, but we will outperform against everything else because we are in far better shape than the rest of the world. That doesn't mean we don't suck, rather, we suck less than everyone else.</blockquote>


Novas, why do you think Yen will do better than the dollar in '09? What is your reasoning behind this?</blockquote>


Because Japan is a creditor nation and not a debtor nation. There balance sheet is in much better shape than everyone elses, so everyone will run to the yen for safety.



Incidentally, IMO, this currency will savage the exports of JPN the same way the strong dollar gutted US mfg and agriculture in the early 1980's, making an already painful Japanese recession much worse.
 
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