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Dollar tumbles as huge credit crunch looms
The Telegraph ^ | 7/25/2007 | Ambrose Evans-Pritchard

Posted on 07/24/2007 8:38:04 PM PDT by bruinbirdman

click here to read article


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To: montanajoe
I travel internationally alot. Since Jan 2005 my dollars are worth less .... it takes $1250 or $1300 to buy what $1000 got then.

Its amazing to me that this has been going on for two and one half years with no one taking much notice....except for those who have to spend their US dollars internationally.

Well, they have noticed...in a way. People have watched their $500,000 houses go to $650,000 and their $100,000 portfolios go to $130,000 and they think they are doing really well. ;)

61 posted on 07/25/2007 10:20:08 AM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: bruinbirdman
A gig of memory cost $50 bucks 15 years ago.

LOL!

No, my FRiend, a Meg of memory cost about $50 15 years ago.

The computer industry is probably the closest thing we've ever seen to perfect capitalism. Healthy competition, technological advancement, no unions.

Capitalism works. ...still.

62 posted on 07/25/2007 10:29:17 AM PDT by TChris (The Republican Party is merely the Democrat Party's "away" jersey - Vox Day)
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To: bruinbirdman

My dad used to get these newsletters from Ambrose Pritchard....boy were those things funny. Although, he predicted this stuff 10 years ago, perhaps it is now coming to pass.


63 posted on 07/25/2007 10:30:33 AM PDT by BurbankKarl
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To: bruinbirdman; Judith Anne; Syncro; calcowgirl; NormsRevenge; tubebender; hedgetrimmer; forester
Ok! I've figured it out and I've added a suffix that really clears the air!

It's ok. I understand. "yitbos" is a coded political message to the CA GOP meaning... You Idiots Totally Bought Overspending Schwartzenegger!!!

Now I'm gonna add a perfect suffix:"-yishbs!!!" Meaning... You Idiots Shoulda Had Better Sense!!!

So there you have what I've perfected! YITBOS-YISHBS!!!

64 posted on 07/25/2007 11:51:51 AM PDT by SierraWasp (The American DemocratICK Party... Filled with GANG-GREEN, like CA's Repub Governor!!!)
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To: bruinbirdman

Problem is that many times the confusion in economic analysis comes from the Keynesians who feed it to the reporters.


65 posted on 07/25/2007 9:29:38 PM PDT by n-tres-ted (Remember November!)
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To: n-tres-ted

I like your Tag-Line.


66 posted on 07/25/2007 9:36:19 PM PDT by eyedigress
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