The dow is over 9000 today!

[QUOTE="ferrari2001"][QUOTE="Jandurin"] what do you mean?Jandurin

Foreign Exchange reserves.

[QUOTE="Jandurin"][QUOTE="ferrari2001"] The value of our dollar...Blubadox

Foreign Exchange reserves.

The dollar is not becoming worthless. This is the American dollar, not the Zimbabwe dollar. It is becoming weaker, but a weaker dollar does have its benefits when not brought to an extreme; the exportation of American goods benefits, which in turn helps the American economy.-Sun_Tzu-

its just numbers who knows they probably just raised it themselves to put some hope in some people but as far as i know the economy is still crapkingcobrasoccer

[QUOTE="Blubadox"]

[QUOTE="Jandurin"] in what sense?xaos

Foreign Exchange reserves.

Foreign Exchange Trading, it deals with major currency pairs, like Euro and USD. For example: You buy a currency pair (in lots) at a lower price, wait for some time and then sell it at a higher price. This isn't like stock exchange, it is not controlled by any regulatory board....due to this prices will drop or rise very quickly every second, if you take the training and analyze forex charts you'll know when to buy or sell a currency pair. Forex is something where people become instant millionaires or instant poor so it's highly risky...if you buy a currency lot for $100, tomorrow it could be $1000 or $10,000 or it could also be zero if you don't properly understand the market fluctuation.

Here is the Eur/USD chart

[QUOTE="-Sun_Tzu-"]The dollar is not becoming worthless. This is the American dollar, not the Zimbabwe dollar. It is becoming weaker, but a weaker dollar does have its benefits when not brought to an extreme; the exportation of American goods benefits, which in turn helps the American economy.Jandurin

[QUOTE="-Sun_Tzu-"]The dollar is not becoming worthless. This is the American dollar, not the Zimbabwe dollar. It is becoming weaker, but a weaker dollar does have its benefits when not brought to an extreme; the exportation of American goods benefits, which in turn helps the American economy.Jandurin

Also nations like China are always there to make sure the dollar stays strong. Good idea or not they've got a vested interest in making their exports cheap and keeping the dollar strong (relatively).

Dropping a company with a litterally worthless stock will do that (GM was dropped from the dow in june) It sucks that so many people were invested in GM. The stock market is usually a leading indicator so lets hope that this is a sign of good things to come.

What 9000?!?!?!?!

Yeah Obama had nothing at all to do with this.

Sarah Palin fixed the economy.

*rolls eyes*

digital86

THE ECONOMY LEVEL IS OVER 9 THOOOOOOOOOOOOUUUUUUSSSSAAAAAANNNNNDDDDDDDDD!

What 9000?!?!?!?!

chessmaster1989

Now the dems are going to say that 0bama single handedly did this.

mr_poodles123

[QUOTE="chessmaster1989"]

What 9000?!?!?!?!

Setsa

but that makes ps3 people republican.... shudder12345678ew

i kinda want the economy to fall some more lol, i have a bunch of stuff i need to sell on ebay, and the more inflation, the richer i am when the economy goes back up. =P sadistic, i know.

i kinda want the economy to fall some more lol, i have a bunch of stuff i need to sell on ebay, and the more inflation, the richer i am when the economy goes back up. =P sadistic, i know.

12345678ew

i kinda want the economy to fall some more lol, i have a bunch of stuff i need to sell on ebay, and the more inflation, the richer i am when the economy goes back up. =P sadistic, i know.

12345678ew

[QUOTE="12345678ew"]

i kinda want the economy to fall some more lol, i have a bunch of stuff i need to sell on ebay, and the more inflation, the richer i am when the economy goes back up. =P sadistic, i know.

MrPraline

[QUOTE="duxup"]I believe his thinking is that he has lots of "stuff" not money. So with inflation that "stuff" could be sold for more money than it would today. What he's not adding to that scenario is that whatever he buys with the money he is making is also going to be more expensive.Jandurin

Wow...you better explain.

[QUOTE="duxup"]I believe his thinking is that he has lots of "stuff" not money. So with inflation that "stuff" could be sold for more money than it would today. What he's not adding to that scenario is that whatever he buys with the money he is making is also going to be more expensive.Jandurin

This makes me happy, BUT considering all of the monopoly money that the FED printed, I wouldn't be too excited yet...

[QUOTE="MrPraline"][QUOTE="12345678ew"]

i kinda want the economy to fall some more lol, i have a bunch of stuff i need to sell on ebay, and the more inflation, the richer i am when the economy goes back up. =P sadistic, i know.

duxup

This makes me happy, BUT considering all of the monopoly money that the FED printed, I wouldn't be too excited yet...

Lindsosaurus

Yeah the people of Zimbabwe have it figured out. They're rolling in it.

duxup

The economy behaves like a petulant spoiled child (crazy all over the place, mind of its own). It does not move at a slow and steady pace.

Here is an over simplified example of the economy moving in a generally positive direction (or negative one):

+2000 day 1, -1900 day 2, +1950 day 3, +1500 day 4, -2500 day 4

NOT +50, +100, +10, +60

Moral: Don't get too excited yet

The economy behaves like a petulant spoiled child (crazy all over the place, mind of its own). It does not move at a slow and steady pace.

Here is an over simplified example of the economy moving in a generally positive direction (or negative one):

+2000 day 1, -1900 day 2, +1950 day 3, +1500 day 4, -2500 day 4 - WTF??

NOT +50, +100, +10, +60

Moral: Don't get too excited yet

rawsavon

^^The Expert has Spoken

[QUOTE="rawsavon"]

The economy behaves like a petulant spoiled child (crazy all over the place, mind of its own). It does not move at a slow and steady pace.

Here is an over simplified example of the economy moving in a generally positive direction (or negative one):

+2000 day 1, -1900 day 2, +1950 day 3, +1500 day 4, -2500 day 4 - WTF??

NOT +50, +100, +10, +60

Moral: Don't get too excited yet

^^The Expert has Spoken

[QUOTE="Lindsosaurus"]

This makes me happy, BUT considering all of the monopoly money that the FED printed, I wouldn't be too excited yet...

duxup

Eh, I'm assuming/hoping the same thing...I'm just frustrated with all the money printing that went on :evil:

[QUOTE="Blubadox"]

[QUOTE="rawsavon"]

The economy behaves like a petulant spoiled child (crazy all over the place, mind of its own). It does not move at a slow and steady pace.

Here is an over simplified example of the economy moving in a generally positive direction (or negative one):

+2000 day 1, -1900 day 2, +1950 day 3, +1500 day 4, -2500 day 4 - WTF??

NOT +50, +100, +10, +60

Moral: Don't get too excited yet

rawsavon

^^The Expert has Spoken

Because you dunno what you are talking about, no offense.

The economy behaves like a petulant spoiled child (crazy all over the place, mind of its own). It does not move at a slow and steady pace.

Here is an over simplified example of the economy moving in a generally positive direction (or negative one):

+2000 day 1, -1900 day 2, +1950 day 3, +1500 day 4, -2500 day 4

NOT +50, +100, +10, +60

Moral: Don't get too excited yet

rawsavon

[QUOTE="rawsavon"][QUOTE="Blubadox"]

^^The Expert has Spoken

Blubadox

Because you dunno what you are talking about, no offense.

1. I stated the fact that it was on Oversimplified example

2. Most modern economists agree that the economy moves in small waves

3. There is no longer a slow movement towards one direction

4. The economy has been moving upwards the last several months but it has also tanked just as many times

5. So the point of my oversimplified example was to help people realize that the economy will probably nose dive shortly, not just keep going up (even if we are moving out of a recession)

[QUOTE="duxup"][QUOTE="Lindsosaurus"]

This makes me happy, BUT considering all of the monopoly money that the FED printed, I wouldn't be too excited yet...

Lindsosaurus

Eh, I'm assuming/hoping the same thing...I'm just frustrated with all the money printing that went on :evil: