tag:blogger.com,1999:blog-18675105.post4651186840602688305..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Is it time for the Pound and Euro to take their lumps, as the UK and EU housing markets fall off a cliff?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-18675105.post-13103736716347898322008-02-11T21:50:00.000+00:002008-02-11T21:50:00.000+00:00Actually, Ben's only got eleven bullets left.You a...Actually, Ben's only got eleven bullets left.<BR/><BR/>You always save the last one for yourself, y'know.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52192167216226032392008-02-11T18:18:00.000+00:002008-02-11T18:18:00.000+00:00i vote canada as country of the year, and people a...i vote canada as country of the year, and people also....sorry tho about the damn coldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90268608794217650052008-02-11T18:00:00.000+00:002008-02-11T18:00:00.000+00:00good luck betting agaisnt the USDWhy would they ne...<I>good luck betting agaisnt the USD</I><BR/><BR/>Why would they need luck? They are up 40% over the past couple of years. That's like saying good luck to those who shorted housing and financials. It's the longs and the middle class that need the luck and a few more $600 checks to pay off their debtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31178665233108094572008-02-11T13:20:00.000+00:002008-02-11T13:20:00.000+00:00> Instead of going to the dollar> for safety, how ...> Instead of going to the dollar<BR/>> for safety, how about the RMB?<BR/>> The Chinese are linked to the<BR/>> USD so if policy stays the same<BR/>> you still have USD returns. If<BR/>> the Chinese actually let the<BR/>> currency increase a bit (which<BR/>> is looking more and more likely)<BR/>> you'll also get that benefit.<BR/><BR/>This is what I did. Go to HSBC China and open an account. A 12-month CD at HSBC China is paying 4.1% right now, and you just know that the RMB will appreciate another 5 to 8% this year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62135845571706682352008-02-11T13:17:00.000+00:002008-02-11T13:17:00.000+00:00Sorry Keith, ain't gonna happen. The ECB is hold...Sorry Keith, ain't gonna happen. The ECB is holding steady and warning about inflation while helicopter Ben is still cutting in half basis-point increments.<BR/><BR/>Get your money out of dollars, pronto. You may not want it in euros but pick something else, swiss francs, RMB, etcAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89179690430106169432008-02-11T07:40:00.000+00:002008-02-11T07:40:00.000+00:00Sooner or later the American Dollar will bounce ba...Sooner or later the American Dollar will bounce back up. It has to. It is the reserve currency of the world. We are a shining city on top of a hill that the world looks to for leadership and during these troubling economic times the world will look to America for leadership and guidance and as usual America will faithfully deliver.<BR/><BR/>Haha, that was funny, in so many places. Although I do agree that it will eventually bounce back, the questions are: when? and how fast?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76757796969530032822008-02-11T02:20:00.001+00:002008-02-11T02:20:00.001+00:00Anonymous said... Sooner or later the American ...Anonymous said...<BR/><BR/> Sooner or later the American Dollar will bounce back up. It has to. It is the reserve currency of the world. We are a shining city on top of a hill that the world looks to for leadership and during these troubling economic times the world will look to America for leadership and guidance and as usual America will faithfully deliver.<BR/><BR/>Yes we are a shining city on top of a hill of debt that we have shared with our brothers around the world. We have provided the proper leadership already by flooding their markets with faux derivative paper and we are now guiding them with interest rates headed toward 2%.<BR/><BR/>What more can we do for them from our lofty perch with the shining beacon of financial deliverance? <BR/><BR/>We have faithfully delivered to economies stretching across the globe, and they will surely respond in kind.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91158242007286535352008-02-11T02:20:00.000+00:002008-02-11T02:20:00.000+00:00w.c. varones and Peter Schiff..good luck betting a...w.c. varones and Peter Schiff..<BR/><BR/>good luck betting agaisnt the USD.<BR/><BR/>I look forward to more Peter the Great decoupling back pedaling.<BR/><BR/>Nice to see the Ron Paul losers are still posting. <BR/><BR/>If Obama does not win he can get a job at Dunkin Donuts.<BR/>If we just want a good speaker for president why don't we just elect Anthony Robbins? I just like to have a Senator that does not push the wrong vote button six times. You can't make this up. With Obama we will have awesome diplomacy as planes crash into more buildings. What a naive dumba$$. Hitlery will be the greater evil and we can get it over with quicker and start over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88227313058934274762008-02-11T02:13:00.000+00:002008-02-11T02:13:00.000+00:00Buy silver.Buy silver.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63992480538884459752008-02-11T00:45:00.000+00:002008-02-11T00:45:00.000+00:00Sooner or later the American Dollar will bounce ba...<I>Sooner or later the American Dollar will bounce back up. It has to. It is the reserve currency of the world. We are a shining city on top of a hill that the world looks to for leadership and during these troubling economic times the world will look to America for leadership and guidance and as usual America will faithfully deliver.</I><BR/><BR/>I see the Kool-Aid is still flowing in some parts of America.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50859763519522980262008-02-11T00:38:00.000+00:002008-02-11T00:38:00.000+00:00You people are all Mad!!! Our Federal Budget defec...You people are all Mad!!! Our Federal Budget defecit is about to explode and you think being long the US Dollar is wise. The US will be ground zero from the derivaitve meltdown. Get out of fiat and into Gold. You all have a massive wakeup call coming.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55873264810969298342008-02-11T00:33:00.000+00:002008-02-11T00:33:00.000+00:00keith said... The Yen is the most confusing. Th...keith said...<BR/><BR/> The Yen is the most confusing. They're still in their 10-year plus deflation, the economy sucks, the market sucks, and they can't raise rates.<BR/><BR/> I'm drawn to aussie dollars and swiss francs but I haven't made the switch yet, still doing research.<BR/><BR/><BR/>Cashed out the 401K and rolled over to IRA with Europacific. 20% was put into yen & swiss franc. No expert here, but that is where they thought it should be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-779819947721712162008-02-11T00:03:00.000+00:002008-02-11T00:03:00.000+00:00Re anon at February 10, 2008 10:18 PMhaha i laughe...Re anon at February 10, 2008 10:18 PM<BR/><BR/>haha i laughed for realAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54605167867735773132008-02-10T22:18:00.000+00:002008-02-10T22:18:00.000+00:00Sooner or later the American Dollar will bounce ba...Sooner or later the American Dollar will bounce back up. It has to. It is the reserve currency of the world. We are a shining city on top of a hill that the world looks to for leadership and during these troubling economic times the world will look to America for leadership and guidance and as usual America will faithfully deliver.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76073809620871240792008-02-10T22:17:00.000+00:002008-02-10T22:17:00.000+00:00The EU may soon fall apart. Germany has very high ...The EU may soon fall apart. Germany has very high inflation right now, other countries are experiencing deflation. <BR/>Euro central banks want to cut rates. How long is Germany going to put up with high, high prices.<BR/><BR/>These phony put together countries like IRAQ and the EU never last.<BR/><BR/>The shit is hitting the fan this week.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26606425072907304042008-02-10T20:31:00.000+00:002008-02-10T20:31:00.000+00:00In the 2 1/2 years I've lived in Europe, the dolla...In the 2 1/2 years I've lived in Europe, the dollar has gotten absolutely slaughtered. Expats holding or making dollars are f*cked.<BR/><BR/>That said, it's been stable even though Bernanke is now panicked and slashing. Which means the market has priced in the Fed taking rates maybe even to zero. <BR/><BR/>Now that the UK is cutting, and the EU has signaled they're not going to raise anymore, we may have seen a peak vs. those two currencies.<BR/><BR/>Thank god. Even stable would be good vs. the hell it's been.<BR/><BR/>But then you have inflation roaring in places like China, Russia, Australia and more. Those central banks can't cut, they have to raise to put out the inflation fire.<BR/><BR/>The Yen is the most confusing. They're still in their 10-year plus deflation, the economy sucks, the market sucks, and they can't raise rates. <BR/><BR/>I'm drawn to aussie dollars and swiss francs but I haven't made the switch yet, still doing research.<BR/><BR/>Meanwhile, I've got some 5.5% cd's expiring soon that need a home, and US savings accounts are paying 4% now, not the 5%+ just a few weeks ago.<BR/><BR/>We're in a transition. Let's see where it goes.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42975420933956020952008-02-10T20:27:00.000+00:002008-02-10T20:27:00.000+00:00I'm bullish USD at these leves, against most fiat ...I'm bullish USD at these leves, against most fiat currencies except Yen (and maybe Swiss Francs). There's a lot of talk about "dollars coming back from overseas" and ramping inflation (Peter Schiff argument, basically). But there's no real money. Only treasuries and toxic debt sitting offshore. These securities will either have to be sold (tresuries) or defaulted (toxic stuff). In either case, real dollars will be sought, and as long as Bernanke doesn't get funny with the monetary base (for all the talk of him printing, he hasn't yet! But he might!), cash WILL be king.<BR/><BR/>I like the Yen, though, for similar reasons. Lots of debt denominated in Yen that will have to be repaid, leading to a scrambling for Yen currency.<BR/><BR/>The Euro is going to be a mess once the cuts start - and they will! <BR/><BR/>A US stock market implosion would also be bullish USD. Look at what happened to the Yen after the Nikkei imploded. 84/dollar by 1993 or 1994...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52048277290880758502008-02-10T20:20:00.000+00:002008-02-10T20:20:00.000+00:00Interesting. Just a few days ago, you claimed that...Interesting. Just a few days ago, you claimed that the US dollar will be sinking for years. And now you are a "contrarian" and expect a rally?<BR/>I bet you got that idea from Mish. You should be nice and give him attribution.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17609326749579266192008-02-10T20:19:00.000+00:002008-02-10T20:19:00.000+00:00I think the dollar will rally against those overpr...I think the dollar will rally against those overpriced currencies.<BR/><BR/>I will problably fall against the Yen, since the Yen is way undervalued.<BR/><BR/>DannyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41348997320487387772008-02-10T20:10:00.000+00:002008-02-10T20:10:00.000+00:00the euro jumped the shark when it showed up in a m...the euro jumped the shark when it showed up in a music videoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62778988160178674722008-02-10T19:33:00.000+00:002008-02-10T19:33:00.000+00:00Everyting proceeds as ordained. The total global m...Everyting proceeds as ordained. The total global meltdown will end globalism. The one worlders will go into hiding, their livestock (sheople) are left untended and starving. God help them if and when the sheople out of pain and misery become what the one worlders are, ravenous wolves. The wallstreet pigmen and their globalist masters deserve what they get.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40507439667915388632008-02-10T19:10:00.000+00:002008-02-10T19:10:00.000+00:00"...and my cash savings are back in US$ (and looki..."...and my cash savings are back in US$ (and looking for a safe place to go)."<BR/><BR/>Was it four days ago or five that you were talking about being completely out of US$? You're starting to sound like Kramer, pump a stock one day, trash it the next and then 6 months later claim you knew what was coming and always proclaimed as such.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76176585183667629062008-02-10T18:38:00.000+00:002008-02-10T18:38:00.000+00:00I sure hope the dollar starts to strengthen agains...I sure hope the dollar starts to strengthen against the Euro. As an American living in Europe, I have all my money in dollars as well and the exchange goes from bad to worse. Warren Buffet recently said he expects continued weakness for the dollar. I sure hope he's wrong and you're right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9794283975301168652008-02-10T18:31:00.000+00:002008-02-10T18:31:00.000+00:00I expect the dollar index to trade within the curr...I expect the dollar index to trade within the current range of .75 to .77 until the summer. The Euro and Pound will weaken but will they weaken relative to the Dollar? I expect that the ECB and BOE will lag behind the FRB in actions to destroy their respective currencies. This I believe will lead to a dollar index of .72 at year's end. Going forward for the next 12 months one will have to be highly selective in choosing currencies. You no longer can say the Dollar will fall relative to everything.<BR/><BR/>My rather uneducated guess as to what will prove to be the strongest currencies are the Canadian and Australian Dollars, Swiss Franc, Swedish Krona, Yuan, and possibly Yen. <BR/><BR/>Over the next few years the absolutely best currency will be gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71211740428090863062008-02-10T17:59:00.000+00:002008-02-10T17:59:00.000+00:00The UK Pound will continue to fall as they have on...The UK Pound will continue to fall as they have only begun rate cuts, this information should be easy for everyone to find on the web.<BR/><BR/>As for the Euro it may be sticky as they keep trying to fight inflation and are less likely to cut rates (see recent G7 comments)<BR/><BR/>As a longer term position, short GBP buy some Yen.<BR/><BR/>If you are not setup for f/x you can buy the Yen ETF<BR/><BR/>As for my credentials im a former professional currency trader and would like to remain anonymous as I am still in the financial fieldAnonymousnoreply@blogger.com