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Mr Alan
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Quote: from Broken Leg on 12:56 pm on Sep. 28, 2008
Through the dot com bubble which allowed clinton to miraculously balance the books..
In addition to Greenspan, Congress (especially those members of Congress who represented a lot of high tech areas like California) pushed hard for the insane accounting practice of not expensing stock options. This completely distorted the true value of a company by not including a significant (at least for most high tech firms) liability that has to be paid in future years. Same was true of Wall Street firms and their stock options (with strong support from the New York Congressional delegations).
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Thai Girls : Meet Sexy Thai Girls
Posted on: 11:48 pm on Sep. 28, 2008
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Loung Steeb
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My feeling is....change a buck into a baht and you cannot go wrong..
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 12:47 pm on Sep. 29, 2008
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Mr Alan
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Quote: from Loung Steeb on 4:21 pm on Sep. 29, 2008
My feeling is....change a buck into a baht and you cannot go wrong..
I don't know about the baht, but the US dollar has risen today against the Yen and Euro, even after the US Stock Market meltdown. So the US dollar could even go higher as the crisis spreads around the world.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:03 pm on Sep. 29, 2008
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China Sailor
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The thing is that the rest of the Central Banks dumped about 100 B into their economies to boost their markets.
The US led the charged but balked when it became time to pull the trigger.
That being the case it is natural that the US dollar will strengthen, it has absolutely nothing to do with the Stock Market. It has everything to do with 'Money Supply'.
Now that the members of the US House have proven to the electorate that they have 'Main Street's' interests at heart and prevented the bail-out from being a weapon to be used against them in the upcoming election, they will now pass a 'modified' bail-out because the biggest contirbutor to both US political parties is Wall Street and markers are going to be called in.
Once the 'political posturing' has ended the US will dump hundreds of billions into the the Money Supply and the dollar will go down...
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 9:15 am on Sep. 30, 2008
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Valetta
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When the bail out/support package is approved by Congress the US Treasury will simply print the requisite amount of $US,and this is inevitably going to increase inflationary pressure on the $US.With the seemingly entrenched US balance of payments deficit,and a national debt of 10 trillion dollars,a significant depreciation of the $US seems almost certain.
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Thai Women : Meet Matured Thai Women
Posted on: 8:21 pm on Sep. 30, 2008
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gary
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Not so sure about US$ headed down. I think it is much more
complicated that you think. One of the main reasons that other
currencies have gained on the US$ the past years is due to other
countries' economic and export growth rates have been higher
than in the US. If everything stays static, then I would agree with you
that adding US$ to the economy will put downward pressure on
rates.
However if the US economy slows down and the rest of the world's ecomonies
go down even more... then other countries will start to run deficits (like in
Thailand now) and this will make their currency weak. This could actually
lead to a stronger US$.
Just my thoughts,
gary
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 8:41 am on Oct. 1, 2008
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shark68
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Well in the moment it looks as if the THB stays rather strong, in spite of political turmoil and a big trade deficit...
shark68
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:54 am on Oct. 2, 2008
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gary
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Shark,
I was just reading that the Thai B$ is off ~17% year-to-date.
This is second worst for Asian currencies... Only Korean Won has
lost more this year.
regards, gary
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Thai Girls : Meet Active Thai Girls
Posted on: 2:08 pm on Oct. 2, 2008
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ItaliaThug
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Quote: from Broken Leg on 5:40 am on Sep. 29, 2008
Leg, please change your Avatar. I read BKKtonite in the office and I cant with your Avatar bouncing.
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Thai Women : Meet Matured Thai Women
Posted on: 6:25 pm on Oct. 2, 2008
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DaffyDuck
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Turn OFF avatar display in your preferences.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 9:34 pm on Oct. 2, 2008
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