Dollar has its best year since 2005

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cloudboy -> Dollar has its best year since 2005 (12/31/2014 5:31:10 PM)
Thought I would pull a Sanity and post a sensational headline from the DRUDGE REPORT. "The U.S. dollar ended its strongest year since 2005 with gains versus major rivals as investors penciled in further strength in the U.S. economy and diverging monetary policy paths between a more hawkish Federal Reserve and dovish European and Japanese central banks. The benchmark DXY, +0.38% which measures the greenback against a basket of six rival currencies, traded at 90.269 in late North American trade, up 0.3% from Wednesday and by 12.8% since the end of 2013." ------------- http://www.marketwatch.com/story/dollar-index-on-track-for-best-year-since-2005-2014-12-31

epiphiny43 -> RE: Dollar has its best year since 2005 (12/31/2014 5:41:07 PM)
Just another failure of the communist Muslim president as he socializes and Islamizes the leading free country of the world? He's so incompetent in his intentions, jobs are up, dollar is stronger, manufacturing (Though not those jobs as robots take over) is stronger, oil supply is up, prices are down, Real Estate is on a big bubble again, the country is prospering!

Lucylastic -> RE: Dollar has its best year since 2005 (12/31/2014 6:09:06 PM)
Just to addd something else :)http://www.gallup.com/opinion/polling-matters/180386/obama-job-approval-reaches-highest-august-2013.aspx His Approval ratings are up to 48 %

epiphiny43 -> RE: Dollar has its best year since 2005 (12/31/2014 6:53:59 PM)
Amazing stats for a man failing so badly at his work destroying the Christian Free World?

Lucylastic -> RE: Dollar has its best year since 2005 (12/31/2014 7:00:50 PM)
And since the repubs won the midterms, it just keeps going up...he had a pretty good month after that November 10: Surprised everyone by announcing his support for strong net neutrality. November 11: Concluded a climate deal with China that was not only important in its own right, but has since been widely credited with jumpstarting progress at the Lima talks last week. November 20: Issued an executive order protecting millions of undocumented workers from the threat of deportation. November 26: Signed off on an important new EPA rule significantly limiting ozone emissions. December 15: Took a quiet victory lap as Western financial sanctions considerably sharpened the pain of Vladimir Putin's imploding economy. December 16: Got nearly everything he wanted during the lame duck congressional session, and more. Democrats confirmed all important pending nominees, and then got Republican consent to several dozen lesser ones as well. December 17: Announced a historic renormalization of relations with Cuba. Oh and ACA signups are going smoothly, last I heard was over six million. Altho the poor repubs are having their own denial thing going on with Grimm and Scalise. this year coming is gonna be fascinating

Kirata -> RE: Dollar has its best year since 2005 (12/31/2014 7:20:15 PM)
The dollar has only been doing well against other currencies. There is no future in cheering about the fact that our ship is sinking slower than theirs. The reality is that just about everything has been going up in price at an alarming rate for anyone on a budget as the dollar's purchasing power moves steadily toward confetti. We may not be the first to hit bottom, but we're a long fucking way from "doing well." K.

cloudboy -> RE: Dollar has its best year since 2005 (12/31/2014 8:15:59 PM)
More importantly, IMO, the midterm elections are over --- and the Republican noise machine is no longer scare mongering about ISIS, Vladimir Putin, and Ebola. Additionally, definitive reports were released that there were no Benghazi and IRS White House scandals.

cloudboy -> RE: Dollar has its best year since 2005 (12/31/2014 8:18:21 PM)
Quit whining and get in that European Vacation while times are good.

MrRodgers -> RE: Dollar has its best year since 2005 (12/31/2014 8:51:41 PM)
quote: ORIGINAL: Kirata The dollar has only been doing well against other currencies. There is no future in cheering about the fact that our ship is sinking slower than theirs. The reality is that just about everything has been going up in price at an alarming rate for anyone on a budget as the dollar's purchasing power moves steadily toward confetti. We may not be the first to hit bottom, but we're a long fucking way from "doing well." K. The ONLY value for ANY currency, is...against other currencies. That is the primary reason the OP refers to the DXY index which is not just one but six currencies. Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF) 3.6% weight Now true, they are still just currencies. So otherwise what could it be ? Well as has always been maintained and is still true, a currency is worth the value of labor you are going to get in exchange for it thus...a store of wealth. The US labor force is still among the most respected world-wide and thus, the dollar remains the currency sought as a shelter or as the pros say...safe harbor.

Kirata -> RE: Dollar has its best year since 2005 (12/31/2014 10:56:36 PM)
quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. The value of a currency is what you can buy with it, fuckwit. Exchange rates are a separate matter. If your living costs today are higher than they were a few years ago, then your currency has lost value and an improving exchange rate against other currencies just means that they've been losing value faster. K.

epiphiny43 -> RE: Dollar has its best year since 2005 (1/1/2015 1:48:52 AM)
quote: ORIGINAL: Kirata quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. The value of a currency is what you can buy with it, fuckwit. Exchange rates are a separate matter. If your living costs today are higher than they were a few years ago, then your currency has lost value and an improving exchange rate against other currencies just means that they've been losing value faster. K. The problem here is you are thinking like a peon, a lazy, no future fixed income cypher in the big picture. If you had any guts, get up and go, AMBITION, Brains, you'd be into making money, where inflation is GREAT. Where having debt Works! You constantly have money coming in with less effort per unit to pay off declining liabilities. Staying ahead of the inflation is simple, Work at it! Expecting the economy to make things fine when you do squat won't work and never has. Think like an employee and you'll lose every time. You are doing work someone else pays bottom dollar Not to do while they take all the profits. Organize, invest and profit, serve and lick ass. Once you realize all the power brokers and people who have a SAY in the world are in the markets it's obvious you join the game or eat shit and die. I'm the Republican National Committee and I approve this mildly too revealing message.

DesideriScuri -> RE: Dollar has its best year since 2005 (1/1/2015 8:11:11 AM)
quote: ORIGINAL: cloudboy Thought I would pull a Sanity and post a sensational headline from the DRUDGE REPORT. "The U.S. dollar ended its strongest year since 2005 with gains versus major rivals as investors penciled in further strength in the U.S. economy and diverging monetary policy paths between a more hawkish Federal Reserve and dovish European and Japanese central banks. The benchmark DXY, +0.38% which measures the greenback against a basket of six rival currencies, traded at 90.269 in late North American trade, up 0.3% from Wednesday and by 12.8% since the end of 2013." ------------- http://www.marketwatch.com/story/dollar-index-on-track-for-best-year-since-2005-2014-12-31 The topic of the value of a currency is odd. While on the one hand, it sounds good to have a "strong" dollar, but that certainly does negatively impact our exports. A strengthening dollar, since it's the currency oil is denominated in, will also tend to result in lower oil prices (which tends to also hold true for all commodities denominated in US Dollars). But, the strengthening dollar at a personal level isn't necessarily seen, as Kirata brings up, if price inflation is growing faster than the purchase power of the dollar.

MrRodgers -> RE: Dollar has its best year since 2005 (1/1/2015 4:04:53 PM)
quote: ORIGINAL: Kirata quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. The value of a currency is what you can buy with it, fuckwit. Exchange rates are a separate matter. If your living costs today are higher than they were a few years ago, then your currency has lost value and an improving exchange rate against other currencies just means that they've been losing value faster. K. Bullshit...You are talking about buying power vis-a-vis buying products and services priced in that currency and to what extent inflation has reduced its value vs those cost of goods and thus a standard of living. As reflected in this OP and in ANY discussion of the ' value' of a currency, is as compared to other currencies and its buying power around the world. otherwise the value of a currency as compared to other currencies would be totally irrelevant and render all discussion of the 'value' outside any domestic inflation...useless. If what you say were true in and of itself then we should be seeing much more inflation in the US if only because of low interest rates let alone the fed's QE and bond buying and is also why you do see inflation when new currency is printed and added into circulation.

GoddessManko -> RE: Dollar has its best year since 2005 (1/1/2015 4:18:41 PM)
quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. This is correct. The Euro launched at .82 cents to the US dollar. Our purchasing power hasn't diminished, oil is down and the stock market is up. It's like fucking with the laws of physics at the moment, LOL.

Musicmystery -> RE: Dollar has its best year since 2005 (1/1/2015 5:02:33 PM)
quote: ORIGINAL: epiphiny43 Just another failure of the communist Muslim president as he socializes and Islamizes the leading free country of the world? He's so incompetent in his intentions, jobs are up, dollar is stronger, manufacturing (Though not those jobs as robots take over) is stronger, oil supply is up, prices are down, Real Estate is on a big bubble again, the country is prospering! Wow. There should be a picture of you next to "troll."

Musicmystery -> RE: Dollar has its best year since 2005 (1/1/2015 5:03:35 PM)
quote: ORIGINAL: GoddessManko quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. This is correct. The Euro launched at .82 cents to the US dollar. Our purchasing power hasn't diminished, oil is down and the stock market is up. It's like fucking with the laws of physics at the moment, LOL. No, it's not. Economies in fact have fundamentals that determine those currency evaluations.

Musicmystery -> RE: Dollar has its best year since 2005 (1/1/2015 5:05:26 PM)
quote: ORIGINAL: Kirata The dollar has only been doing well against other currencies. There is no future in cheering about the fact that our ship is sinking slower than theirs. The reality is that just about everything has been going up in price at an alarming rate for anyone on a budget as the dollar's purchasing power moves steadily toward confetti. We may not be the first to hit bottom, but we're a long fucking way from "doing well." K. Except oil, which has plummeted, and with it, productions costs will fall, at least for the short run.

GoddessManko -> RE: Dollar has its best year since 2005 (1/1/2015 5:16:16 PM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: GoddessManko quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. This is correct. The Euro launched at .82 cents to the US dollar. Our purchasing power hasn't diminished, oil is down and the stock market is up. It's like fucking with the laws of physics at the moment, LOL. No, it's not. Economies in fact have fundamentals that determine those currency evaluations. Yes, it's called inflation. His point still stands.

GoddessManko -> RE: Dollar has its best year since 2005 (1/1/2015 5:18:31 PM)
quote: ORIGINAL: Musicmystery Except oil, which has plummeted, and with it, productions costs will fall, at least for the short run. Speaking of which, when last has something like this ever happened with the stock market? Oil down, Markets up?

MrRodgers -> RE: Dollar has its best year since 2005 (1/1/2015 7:32:05 PM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: GoddessManko quote: ORIGINAL: MrRodgers The ONLY value for ANY currency, is...against other currencies. This is correct. The Euro launched at .82 cents to the US dollar. Our purchasing power hasn't diminished, oil is down and the stock market is up. It's like fucking with the laws of physics at the moment, LOL. No, it's not. Economies in fact have fundamentals that determine those currency evaluations. To the extent a currency is subject to any fundamentals it is the assessment or confidence in the labor force behind the currency hence as I mentioned in a prior post and that confidence is...as a store of wealth. (low inflation) With currencies having no real backing, labor is all that is left.

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