Another U.S. Dollar Story

02-04-2005, 02:48 AM

China "Losing Faith" in U.S. Dollar
The American Progress reports that China has "lost faith in the stability of the U.S. dollar" and plans to invest in a "more flexible basket" of currencies, says top Chinese economist Fan Gang.

He says China - which underwrites a substantial portion of U.S. debt - feels that America's fiscal policies are leading to the dollar's free fall and consequent jeopardy for the U.S. economy.

"The U.S. dollar is no longer... a stable currency, and is devaluating all the time," Fan says. "And that's... trouble."

It's also trouble for the U.S., which is on the verge of a currency crisis.

added bonus:

Over the past five years, as REITs in the United States have displayed annual growth of up to 23%, many have pointed to expectation of future growth to justify paying more for shares, according to The Wall Street Journal.

But REITs are failing to live up to such lofty expectations, as shares are down 8.9% so far this year.

Subpar earnings reports and lackluster guidance from most companies have done little to engender confidence in this once-profitable sector. Most REITs are either just meeting or falling short of analysts' earnings projections.

**cowboy** · 02-04-2005, 03:52 AM

Who cares about this guy and why would you even listen to him. My thought is you have a low dollar because of the free trade system you voted in a few years ago. All of your rich manufacturers moved over seas and now wants to ship it back to the US. The US manufacture can not compete because of all the red tape you want them to jump through so now you have a large deficit. The only one that I can see that would worry about a low dollar would be someone that wants to go over seas and has to buy their currency. If you have enough money to do that then I guess you have to live with a low dollar.

02-04-2005, 04:36 AM

You be speaking in tongues....

"US manufacture can not compete"

Where are you got to get all the goods you enjoy????

"The only one that I can see that would worry about a low dollar would be someone that wants to go over seas and has to buy their currency."

Two words for ya tiger - trade balance????

"If you have enough money to do that then I guess you have to live with a low dollar."

We are turning into a service economy for the rich "every other nation" coming here to up purchase or cheap goods and services???

"Who cares about this guy and why would you even listen to him."

I care about me

and I know what is going on...I guess you lost some more dough again today...aaaaahhh sorry.

MT

**Citizen** · 02-04-2005, 10:59 AM

Who cares about this guy and why would you even listen to him.

I like to read his stuff. If you go over his previous posts there are a number of times that he was right when he seems to be the only one saying it. Not all the time, but enough to demonstrate a person with useful insight.

If China de-couples the Yuan from the dollar, we will be in a world of hurt. The dollarcould bein trouble. Do you think otherwise?

**teknobucks** · 02-04-2005, 02:21 PM

http://atimes.com/atimes/China/GB04Ad08.html

**cowboy** · 02-04-2005, 03:01 PM

MarketTimer wrote:

You be speaking in tongues....

"US manufacture can not compete"

Where are you got to get all the goods you enjoy????

"The only one that I can see that would worry about a low dollar would be someone that wants to go over seas and has to buy their currency."

Two words for ya tiger - trade balance????

"If you have enough money to do that then I guess you have to live with a low dollar."

We are turning into a service economy for the rich "every other nation" coming here to up purchase or cheap goods and services???

"Who cares about this guy and why would you even listen to him."

I care about me

and I know what is going on...I guess you lost some more dough again today...aaaaahhh sorry.

MT

Here is what I'm talking about people. You will run over and pay $500 a ticket to watch the PATS play the Eagles. But when the american farmer needs more for his product you don't want to pay it and you want affordable food. If your going to survive on a service economy you are nuts because I'll quit buying. There is very few manufacturing companies staying in the states people. The only real wealth in a nation is what can be grown naturally and or produced. Thats your real wealth! The rest is just turn over. Every other nation coming here to purchase cheap goods and services the only thing doing that is the low dollar. Fact peoplethe US is at war anytime in history that US is at war the dollar is down. Another fact,all manufactures are inflating their pricesto pay a higher wage and your running on borrowed time. You have starved the breadbasket of America and now you have to pay for it. It is the little man that pays for everything without him you don't have anything, no rich can survive without him. The American farmer is now capitalizing on the low dollar because you forgot about where your wealth comes from.The little man is not buyingAmerican made anymore because he can not afford it. American Companies pulled out and went to other countries because they got away from the cost of all the red tape and can ship it in here under the free trade agreement. Good luck getting Walmart and McDonalds to pay you to service the rich. I am stating a point here and do not mean to offend anyone.

02-04-2005, 04:56 PM

Citizen wrote:

Who cares about this guy and why would you even listen to him.

I like to read his stuff. If you go over his previous posts there are a number of times that he was right when he seems to be the only one saying it. Not all the time, but enough to demonstrate a person with useful insight.

If China de-couples the Yuan from the dollar, we will be in a world of hurt. The dollarcould bein trouble. Do you think otherwise?

Citizen,

Thank you! Very much. How about the 140,000 call on the job report?

How about the call two days ago to sell longs and buy shorts?

Now my call moving forward is the NASDAQ is rolling over and the other indexes will follow.

Once again...thank you! Notice how all my naysayers are now going to G fund?

I believe if I was not posting here you would all be mega bulls and will feel a lot of pain moving forward.

Now my concern is: A ratehike is bad for stocks and a bad job report is bad for stocks but the markets rally on this news....that is people buying on dips...that is going to be a serious, serious mistake.

More then likely moving forward I will not be posting on the general board but will only e-mail with the people I enjoy talking to and that have a open mind.

So please send me an e-mail if you want me to communicate with you.

Have a wonderful day out there.

MT

**cowboy** · 02-04-2005, 05:19 PM

MarketTimer wrote:

Citizen wrote:

Who cares about this guy and why would you even listen to him.

I like to read his stuff. If you go over his previous posts there are a number of times that he was right when he seems to be the only one saying it. Not all the time, but enough to demonstrate a person with useful insight.

If China de-couples the Yuan from the dollar, we will be in a world of hurt. The dollarcould bein trouble. Do you think otherwise?

Citizen,

Thank you! Very much. How about the 140,000 call on the job report?

How about the call two days ago to sell longs and buy shorts?

Now my call moving forward is the NASDAQ is rolling over and the other indexes will follow.

Once again...thank you! Notice how all my naysayers are now going to G fund?

I believe if I was not posting here you would all be mega bulls and will feel a lot of pain moving forward.

Now my concern is: A ratehike is bad for stocks and a bad job report is bad for stocks but the markets rally on this news....that is people buying on dips...that is going to be a serious, serious mistake.

More then likely moving forward I will not be posting on the general board but will only e-mail with the people I enjoy talking to and that have a open mind.

So please send me an e-mail if you want me to communicate with you.

Have a wonderful day out there.

MT

Why are you so miffed MT? I personally like your posts.They give me a heads up. By the way if you look at my allocation I was G all week and now just went F. Someone must of listened to you, look how many went to G today. I have a very open mind, if I remember right MT you said watch out for January 18th way back in December for what reason I don't know. But that was the time to about jump back into this thing and then you said sell the rally on Tuesday so they are doing that today and your mad at that. The problem with people is they only remember 10% of what they read, if that is true I don't need a long story to make me decide whatI should do. You seem to be a person that needs praise sohere it is. Thank you MT for what your trying to do for me! That said, is everything

! I want you on this board!

02-04-2005, 08:23 PM

Cowboy,

Thank you but not to honk my own horn but I said watch out for January 2005in August 2004. Yes in December I said bail and was knocked to the ground on that also.

Just trying to help.

One thing you can say is you are not surprised by the actual results with me here.

The millions experts called for 200K job report...I believe 36 out of 40 were over 200K and the lowest was 190K. Not sure how they keeps their jobs thou?

Every time I see your name Cowboy...I think of Chris "Bob" Rock....I am a Cowboy, baby." Can not get that out of my head.

I love going around with people on the market thou...makes me research and trade harder.

Good luck and ask yourself (pretend it was yesterday)...if the job report comes in at 146K what will the market do??? A rally would probably not of mean your answer...the 10 year yield has fallen to 4.07% just so you know a good rule of thumb a healthy, growing ecomony is the 10year is 3% over the over night rate...that would mean the 10 year yield should be 5.5%....when the yield is less that means recession when the yield is higher that means inflation...when the yield is spot on (.50) either way that means good growth.

MT

**cowboy** · 02-05-2005, 12:29 AM

I guess I do not understand as I do not trade stocks so I do not know what you are talking about when you say, "3% over the over night rate". It must have been 2.5%. I am willing to learn you are way into this more than I. You make a very good point that the experts were saying over 200,000 and even in the morning I watch bloomberg and the expert on there was stating 220,000 and I couldn't believe it. This is why I do not put much stock in what is said or written. I believe next week may be down and only wished I would have waited until today to get out instead of last week. I actually think I could do better if I just stay in stocks all the time and forget about playing safe. Do you think this is possible?