Community Chat

[surfk]

Which economy are we all talking about? The World Economy?

All I know is that I'm leaving for Italy in a couple of weeks and the dollar has never been stronger. Its a great time (well, as of today) to be in or to go to Europe. Especially when compared to the weak dollar there these past 10 years.

But now its like "Three Coins in the Fountain" again! One can rent a penthouse palazzo for mere pennies and still have disposal cash for a Pucci.

Well, maybe its not returned to THOSE days quite. But the dollar sure goes farther therre than it has been this century.

Its the movie that truly started it all...

https://www.youtube.com/watch?v=TEdKYB47Q-U

[tansy]

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@Marienkaefer2 wrote:

I have a good friend who is a financial analyst.  His opinion is that the market will have a small correction (not a crash), but basically things will continue to improve.  Of course, no one has a crystal ball, but in general, most of the people that I know who study this for a living are optimistic.  I don't hear doom and gloom from them.

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My son's a financial analyst, too, and he hasn't told me to pull my money out of our accounts

[Drythe]

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@YorkieonmyPillow wrote:

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@NoelSeven wrote:

Valid opinion is always based on facts where possible

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That's your opinion.

There are no real "facts" anymore. Everything is or has been in the process of being rewritten.......revised, etc.

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Tell me now, please.  Is this the start of another "Nothing is New" thread?  I'm still a little woozy from that one.

[NoelSeven]

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@Drythe wrote:

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@YorkieonmyPillow wrote:

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@NoelSeven wrote:

Valid opinion is always based on facts where possible

---

That's your opinion.

There are no real "facts" anymore. Everything is or has been in the process of being rewritten.......revised, etc.

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Tell me now, please.  Is this the start of another "Nothing is New" thread?  I'm still a little woozy from that one.

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******************************

it seems to be the start of a Nothing Is Known subdivision of Nihilism.

[Drythe]

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@surfk wrote:

Which economy are we all talking about? The World Economy?

All I know is that I'm leaving for Italy in a couple of weeks and the dollar has never been stronger. Its a great time (well, as of today) to be in or to go to Europe. Especially when compared to the weak dollar there these past 10 years.

But now its like "Three Coins in the Fountain" again! One can rent a penthouse palazzo for mere pennies and still have disposal cash for a Pucci.

Well, maybe its not returned to THOSE days quite. But the dollar sure goes farther therre than it has been this century.

Its the movie that truly started it all...

https://www.youtube.com/watch?v=TEdKYB47Q-U

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Just returned from Spain.  Wow, dollar wise, what an amazing difference from 5 years ago.

Have fun, I LOVE Italy!

[novamc1]

Have only read about half the posts and don't know what info or opinion people are looking for, but China's currency devaluation against the U.S. Dollar means this, in the simplest terms:

China's goods will be even cheaper for us to buy.

U.S. goods will be more expensive for Chinese to buy.

It's not good for the U.S. trade deficit, or for the profits of U.S. companies that do business overseas.

[YorkieonmyPillow]

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@novamc1 wrote:

Have only read about half the posts and don't know what info or opinion people are looking for, but China's currency devaluation against the U.S. Dollar means this, in the simplest terms:

China's goods will be even cheaper for us to buy.

U.S. goods will be more expensive for Chinese to buy.

It's not good for the U.S. trade deficit, or for the profits of U.S. companies that do business overseas.

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  We have more than enough Chinese-made junk over here already.

[esmeraldagooch]

Yup!

[MyGirlsMom]

That, is still an opinion. 

[Drythe]

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@esmeraldagooch wrote:

China's move spooks the market.  What are your thoughts?

http://www.zerohedge.com/news/2015-08-10/china-devalues-yuan-fix-most-record-plunges-28-month-lows-a...

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___________________________________________________________________

 This link connects to Zero Hedge Funds web site.  Here is their:

MANIFESTO

our mission:

to widen the scope of financial, economic and political information available to the professional investing public.
to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
to liberate oppressed knowledge.
to provide analysis uninhibited by political constraint.
to facilitate information's unending quest for freedom.
our method: pseudonymous speech...

anonymity is a shield from the tyranny of the majority. it thus exemplifies the purpose behind the bill of rights, and of the first amendment in particular: to protect unpopular individuals from retaliation-- and their ideas from suppression-- at the hand of an intolerant society.

...responsibly used.

the right to remain anonymous may be abused when it shields fraudulent conduct. but political speech by its nature will sometimes have unpalatable consequences, and, in general, our society accords greater weight to the value of free speech than to the dangers of its misuse.

- mcintyre v. ohio elections commission 514 u.s. 334 (1995) justice stevens writing for the majority

though often maligned (typically by those frustrated by an inability to engage in ad hominem attacks) anonymous speech has a long and storied history in the united states. used by the likes of mark twain (aka samuel langhorne clemens) to criticize common ignorance, and perhaps most famously by alexander hamilton, james madison and john jay (aka publius) to write the federalist papers, we think ourselves in good company in using one or another nom de plume. particularly in light of an emerging trend against vocalizing public dissent in the united states, we believe in the critical importance of anonymity and its role in dissident speech. like the economist magazine, we also believe that keeping authorship anonymous moves the focus of discussion to the content of speech and away from the speaker- as it should be. we believe not only that you should be comfortable with anonymous speech in such an environment, but that you should be suspicious of any speech that isn't.

That's all I have to say.