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So, the dollar is at a 13 year high
Posted on 3/10/15 at 4:15 am
Posted on 3/10/15 at 4:15 am
What is going to happen now that the dollar is so high? I know it is going to hurt exports big time, in turn will start shutting down plants and jobs.
What will the Fed's do? Raising rates will only compound the problem.
What will the Fed's do? Raising rates will only compound the problem.
7
Posted on 3/10/15 at 6:52 am to Shepherd88
I see the markets crashing within the next 6 months if not sooner, unless the feds devalue the dollar.
Posted on 3/10/15 at 7:01 am to fishfighter
I'm not gonna get into this argument however I'll say this. Cd money is flooding Into the market right now because there's no "safe" place to run and put money to work for retirees to live off of. They're running to blue chip dividend paying stocks. Right now the s&p is about at a fair mkt value on the p/e, maybe a little high. The market will over extend before its in a bubble and pops, then we will have a correction. As for right now though, the trend is your friend.
Posted on 3/10/15 at 7:19 am to fishfighter
I'm loving it right now. Travel is INSANELY cheap. If you guys have been wanting to plan a Europe trip, now is the time.
My uncle is in the process of buying a beach front house in Nicaragua. Prices took a major hit when the real estate crisis happened and had another blow due to the strong dollar.
Place looks like the house on Ironman and he's paying less than half a million for it.
My uncle is in the process of buying a beach front house in Nicaragua. Prices took a major hit when the real estate crisis happened and had another blow due to the strong dollar.
Place looks like the house on Ironman and he's paying less than half a million for it.
Posted on 3/10/15 at 7:32 am to Shepherd88
quote:
I'm not gonna get into this argument however I'll say this. Cd money is flooding Into the market right now because there's no "safe" place to run and put money to work for retirees to live off of.
I am/was in this group. I think the market has ran it's course.
Of course there is no way us retired people can keep from drawing out income from our retirement plans. SS only gave us a 1.7% raise this year. Our bills over all increased way more then that.
Money markets haven't paid anything in the last 6-7 years which has put the middle class retired works in a big bind. 
Posted on 3/10/15 at 7:51 am to I Love Bama
Is he going to live there, rent it, hold and sell it?
Posted on 3/10/15 at 7:54 am to TheIndulger
No idea. We aren't that close, he just showed me pictures at Christmas. Prob just a vacation home.
Posted on 3/10/15 at 7:57 am to I Love Bama
I'm with you on this Bama. I'd love to go back to Greece right now.
Posted on 3/10/15 at 8:07 am to fishfighter
quote:
So, the dollar is at a 13 year high
Which is hurting commodities, including oil.
The dollar has gone parabolic, and you know how that always ends...
Posted on 3/10/15 at 8:08 am to fishfighter
Im usually under the impression a strong dollar is good for America. A weak dollar hurts consumers the most.
Posted on 3/10/15 at 8:08 am to fishfighter
13 year high as compared to which other currencies? The Euro? GBP?
Posted on 3/10/15 at 8:22 am to AUtigerNOLA
It makes our exports more expensive, which could cause a decrease in domestic production. On the other hand, it makes imports cheaper which is good for the domestic consumer.
It's also worth nothing that a strengthening dollar is bad for companies that do a significant amount of their business overseas.
It's also worth nothing that a strengthening dollar is bad for companies that do a significant amount of their business overseas.
Posted on 3/10/15 at 8:28 am to I Love Bama
quote:
Travel is INSANELY cheap.
Is this just because of the exchange rate?
Posted on 3/10/15 at 8:54 am to fishfighter
This thread reads like a lot of folks looking for clouds in silver linings
Posted on 3/10/15 at 9:17 am to Shepherd88
quote:
I'm with you on this Bama. I'd love to go back to Greece right now.
When I went to Greece in 2009 I spent a fortune.
Went to Spain over New Year's this year and while a better rate, I spent a lot again.
You're going to spend a ton regardless it seems
But ya, great time for Europe since it is the most expensive.
Posted on 3/10/15 at 9:37 am to iAmBatman
It's referring to the dollar index (DXY), essentially an average of exchange rates weighted based on the volume of cross currency trades with other major currencies as well as sheer market size. As you can expect, the EUR is the largest constituent, then JPY, GBP, CAD, SEK, CHF, etc..
Posted on 3/10/15 at 9:56 am to BennyAndTheInkJets
Gotcha 
If the euro is the heaviest weighted then that makes since, considering the dollar has been pounding the euro in the last few months. It's been killing the CAD as well.
If the euro is the heaviest weighted then that makes since, considering the dollar has been pounding the euro in the last few months. It's been killing the CAD as well.
Posted on 3/10/15 at 10:10 am to I Love Bama
quote:
I'm loving it right now. Travel is INSANELY cheap. If you guys have been wanting to plan a Europe trip, now is the time.
I'm going at the end of May to France and Greece. I've already booked our flights and a couple of the hotels. Anything I should do to take advantage of the dollar : euro right now? Should I buy some paper Euros ?
Posted on 3/10/15 at 10:16 am to iAmBatman
You may be confusing cause and effect here. The DXY strength hasn't been pushing down the EUR, moreso just EUR weakness propping up the USD.
We are the only developed economy in the entire world that is entering a monetary tightening cycle (although several have argued that the USD rally is essentially a pulled forward tightening cycle). The US economy is by far the strongest in the world at this point in time, and although this will naturally revert over time I don't expect they DXY to stay in the 95-100 range for a long time. However, a higher range compared to the 70-80 area we were if for a decade is very likely while we have this divergence in global central bank policy.
We are the only developed economy in the entire world that is entering a monetary tightening cycle (although several have argued that the USD rally is essentially a pulled forward tightening cycle). The US economy is by far the strongest in the world at this point in time, and although this will naturally revert over time I don't expect they DXY to stay in the 95-100 range for a long time. However, a higher range compared to the 70-80 area we were if for a decade is very likely while we have this divergence in global central bank policy.
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