WTF US DOLLAR JESUS

[SpecT]

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jesus, will my AUD be worth more soon????? like 5 years ago it was under 50 cents USD

lol america

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It is just depressing that 5 years ago we would have been earning double what we are now...

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[DUCYAlphaQ]

this thread is too smart for BBV. move it to OT

[ivvaen]

Great, 1 year graph of US$ vs Norwegian Kroner:



And today newspapers write that it might even drop to 4. Have lost $4k already from this [censored] and will lose another $4k at least if that happens. Fix your currency US!

Actually, I think I'll switch to Euro.

[ahnuld]

well if the newspaper journalist said it, it must be true

[ama0330]

ahh GBP. I [img]/images/graemlins/heart.gif[/img] u

[ivvaen]

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well if the newspaper journalist said it, it must be true

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well, I realise that my post came off as pretty retarded, but my point is that it's almost impossible to speculate which way it's going, and the possibillity that it might drop further makes me want to say "[censored] it" and just convert now. And it's not journalists who say it might drop to 4, it is bankers and analysts. But, then again, you have other people in the same positions who argue that it will rise to 6 during the next year.

If I change it to Euro I'd have to take the loss, but I'd be more pissed if it stabilised at 4. However, I only have $20k, and I'm continuing to play at a $-site, so I guess what I do with my br now is not that huge of a deal really. It's important to me that it rises though since I'm hoping to make a lot more $$$ in the times to come.

[DcifrThs]

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ahh GBP. I [img]/images/graemlins/heart.gif[/img] u

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heh. thats the next major currency to hit the crapper. UK's economic boom, much like the US's, has been predicated on vast expansion of credit (to record levels as % of GDP). the housing price boom (more drastic than US's) has furthered this in a positive feedback loop. inflows to the UK will likely be significantly hurt once the BoE has to start intervening (probably in the next 1-3 years).

there are also now structural problems since tony blair's (read Gordon Brown's) decision to separate the regulators from the managers (i.e. the FSA is not connected in any way to the BoE) in the late 1990s. the northern rock debacle was likely a direct result, at least in some part, of that policy.

so <3 the pound now, but i'd look to diversify some GBP holdings into both EURs and JPYs.

Barron

[SEABEAST]

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jesus, will my AUD be worth more soon????? like 5 years ago it was under 50 cents USD

lol america

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It is just depressing that 5 years ago we would have been earning double what we are now...

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yeah back when i was grinding 1/2 LHE on paradise poker my balla $250 cashouts used to net me $500 after fees... sigh. now my 20K cashouts net me 21K. awesome.

[shootaa]

i have a 50" flat screen. in your face OP.

[Chaos_ult]