sunnsea

The U.S. Dollar: Now at Parity with the Swiss Franc

It would be better if we pegged the USD to the Z dollar.


On Nov 26 09:04 AM Davewmart wrote:

> I believe that Bernanke still denies that his medium term objective
> is parity with the Zimbabwean dollar.....

Artificial U.S. Dollar Rally Is Coming to an End

The dollar rallied because hedge funds had to redeem their foreign investments and convert them into dollars to meet margin calls. That is coming to and end. The one thing Europe has going for it is that its products are in demand, they are exporters in a way that the US is not. They will earn back those strengthening Asian currencies because of their a) consumer priducts, which are superior to American and have cachet in Asia and b) their machine tool products which allow the Asian economies to turn out the cheaper goods that have no cachet. Germany, Italy and France alll turn out designer labels from clothes and shoes to cars that are widely sold in Asia and Germany and Italy sell machine tools to the same countries except Japan. Americans are totally clueless as to what it takes to compete in this market as they have been so interested in consuming themselves they have forgotten how to make high quality products that do have cachet. Asians don't want "Made in China" products. They want "Made in Italy."