| View previous topic :: View next topic |
| Do you get paid in Saudi Riyals or US Dollars? |
| SAR |
|
100% |
[ 5 ] |
| USD |
|
0% |
[ 0 ] |
|
| Total Votes : 5 |
|
| Author |
Message |
Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
|
 Posted: Thu Oct 22, 2009 9:48 pm Post subject: |
 |
|
I know you are, but what am I? Besides, who involved in languages ever worries about misquotes? 
NCTBA |
|
| Back to top |
|
 |
Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
|
| Posted: Thu Oct 22, 2009 9:56 pm Post subject: |
|
|
| Never Ceased To Be Amazed wrote: |
I know you are, but what am I? Besides, who involved in languages ever worries about misquotes?
NCTBA |
EFL has nothing to do with language.
Still no answer, eh? You'd rather earn USD, es claro...ok. |
|
| Back to top |
|
|
Stephen Jones
Joined: 21 Feb 2003
Posts: 4124
|
| Posted: Thu Oct 22, 2009 10:08 pm Post subject: |
|
|
| Quote: |
| The general opinion among real economists is that the dollar has been grossly overvalued for decades, |
This is Cleo-speak for 'I've heard somebody say something on television once and because I agree with it, I'm going to denigrate anybody who affirms the contrary.'
The question of course is rather silly, since what needs discussing is what currency the dollar is overvalued or undervalued in comparison with. I think there's overwhelming agreement that it's overvalued in comparison with the RMB, but todays newspaper had an article saying that it would be an unsustainable disaster for the EU if the Euro continued at its present high of $1.50 |
|
| Back to top |
|
|
Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
|
| Posted: Thu Oct 22, 2009 10:11 pm Post subject: |
|
|
| Stephen Jones wrote: |
| Quote: |
| The general opinion among real economists is that the dollar has been grossly overvalued for decades, |
This is Cleo-speak for 'I've heard somebody say something on television once and because I agree with it, I'm going to denigrate anybody who affirms the contrary.'
The question of course is rather silly, since what needs discussing is what currency the dollar is overvalued or undervalued in comparison with. I think there's overwhelming agreement that it's overvalued in comparison with the RMB, but todays newspaper had an article saying that it would be an unsustainable disaster for the EU if the Euro continued at its present high of $1.50 |
Maybe but that's the way it looks like it is heading. Maybe the EU central bankers will pump out some more Euros to inflate the currency and drag it down a bit though....incidentally, why would it be a disaster if the Euro went to $1.50? For whom? |
|
| Back to top |
|
|
veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
|
| Posted: Thu Oct 22, 2009 10:55 pm Post subject: |
|
|
For countries that make much of their money with exports, they want their money to be low. American businesses that export are thrilled with the sinking dollar. European businesses that export are crying in their wine or beer as the Euro rises.
VS |
|
| Back to top |
|
|
Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
|
| Posted: Fri Oct 23, 2009 6:08 am Post subject: |
|
|
| Quote: |
| This is Cleo-speak for 'I've heard somebody say something on television once and because I agree with it, I'm going to denigrate anybody who affirms the contrary.' |
This is jones speak for "I think I'll try to make a smart alec comment and try to look 'clever". But you don't.
| Quote: |
| todays newspaper had an article saying that it would be an unsustainable disaster for the EU if the Euro continued at its present high of $1.50 |
Uhhh... jonesy... they've been saying that for years. But there ain't a whole lot they can do about it. As VS says, the US wants its currency to be weak -though they can never admit that publicly, and have to maintain the transparent fiction that they have a 'strong dollar' policy. Perhaps if things get really bad, the European Central Bank can take measures to weaken the Euro, but even so, they are limited in what they can do. |
|
| Back to top |
|
|
Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
|
| Posted: Fri Oct 23, 2009 7:47 am Post subject: |
|
|
I think that I'm jes' gonna sit back and watch this discussion play out...
NCTBA |
|
| Back to top |
|
|
007
Joined: 30 Oct 2006
Posts: 2684
Location: UK/Veteran of the Magic Kingdom
|
| Posted: Fri Oct 23, 2009 7:53 am Post subject: |
|
|
| C'mon NCTBA, no rest for you, the dollar is crying and still you did not finish your mission ! |
|
| Back to top |
|
|
Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
|
| Posted: Fri Oct 23, 2009 9:06 am Post subject: |
|
|
| Cleopatra wrote: |
| Quote: |
| This is Cleo-speak for 'I've heard somebody say something on television once and because I agree with it, I'm going to denigrate anybody who affirms the contrary.' |
This is jones speak for "I think I'll try to make a smart alec comment and try to look 'clever". But you don't.
| Quote: |
| todays newspaper had an article saying that it would be an unsustainable disaster for the EU if the Euro continued at its present high of $1.50 |
Uhhh... jonesy... they've been saying that for years. But there ain't a whole lot they can do about it. As VS says, the US wants its currency to be weak -though they can never admit that publicly, and have to maintain the transparent fiction that they have a 'strong dollar' policy. Perhaps if things get really bad, the European Central Bank can take measures to weaken the Euro, but even so, they are limited in what they can do. |
They absolutely will do. I think the European Central Bank is more careful than the Fed but at the end of the day they are ALL inflationists so such a course is inevitable. |
|
| Back to top |
|
|
Stephen Jones
Joined: 21 Feb 2003
Posts: 4124
|
| Posted: Fri Oct 23, 2009 12:35 pm Post subject: |
|
|
The pound, the dollar, the yen and the euro have been seesawing for years within a certain limited rate. At present the dollar is at the lower end. Unlike the 'real economists' that Cleo pulls out of her underwear, I think a continual decline is doubtful.
What is very different this time is the situation of the other currencies, particularly the Asian currencies. The RMB is definitely undervalued in comparison to all the currencies I mentioned in the first paragraph, and there are a lot of other currencies that can no longer be totally ignored.
It's probably more accurate to talk about a revaluation of the Asian currencies than of a decline in the dollar, as these currencies will also revalue compared to the yen and the euro. |
|
| Back to top |
|
|
otuzbirci
Joined: 20 Oct 2009
Posts: 28
|
| Posted: Fri Oct 23, 2009 12:54 pm Post subject: |
|
|
| Stephen Jones wrote: |
| Unlike the 'real economists' that Cleo pulls out of her underwear. |
 |
|
| Back to top |
|
|
Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
|
| Posted: Fri Oct 23, 2009 1:10 pm Post subject: |
|
|
| Quote: |
| Unlike the 'real economists' that Cleo pulls out of her underwear, I think a continual decline is doubtful. |
Oh well, that changes everything.
What's the combined expertise of the vast majority of the world's economists when set against the opinion of an ESL teacher in KSA? |
|
| Back to top |
|
|
otuzbirci
Joined: 20 Oct 2009
Posts: 28
|
| Posted: Fri Oct 23, 2009 1:15 pm Post subject: |
|
|
| Cleopatra wrote: |
| Quote: |
| Unlike the 'real economists' that Cleo pulls out of her underwear, I think a continual decline is doubtful. |
What's the combined expertise of the vast majority of the world's economists when set against the opinion of an ESL teacher in KSA? |
|
|
| Back to top |
|
|
Stephen Jones
Joined: 21 Feb 2003
Posts: 4124
|
| Posted: Fri Oct 23, 2009 2:12 pm Post subject: |
|
|
| Quote: |
| What's the combined expertise of the vast majority of the world's economists when set against the opinion of an ESL teacher in KSA? |
Except of course it's nothing of the sort. It's just the opinion of a certain number of economists who happen to agree with Cleo.
They may be right, just as those that agree with me, or those that consider the US dollar will continue to be the world's de facto reserve currency may be, but the expert consensus extends no further than Cleo's lingerie drawer. |
|
| Back to top |
|
|
Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
|
| Posted: Fri Oct 23, 2009 2:23 pm Post subject: |
|
|
| Quote: |
| the expert consensus extends no further than Cleo's lingerie drawer. |
Were you always a puerile misogynist? Or did living in a segregated environment make you so?
(Asking the question will probably get this thread locked, but it had to be asked). |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
