samak Posted October 27, 2008 Report Share Posted October 27, 2008 is this a economics for dummies lesson? it is not so simple, guys! for example has the USD strengthen against the Euro from 1.60 to 1.26 or around 15% since mid year despite the US has fallen into a recession! Link to comment Share on other sites More sharing options...
rookie Posted October 27, 2008 Report Share Posted October 27, 2008 I was wondering...in my non-financial mind about opening a bank acc't in Australia. I know it's feasible, though I'm not an Aussie and reside in Thailand. It's something I might do if the Aussie dollar drops below 60-cents:$1US. One of the country's AA rated banks (there's very few AA rated banks in the world, and they have 4 of them) was offering 7% on a fixed term acc't, though it's now dropped to 6.2%. The advantage, as I see it, is that in time the now very weak Aussie dollar will appreciate, hence I'd obtain interest on the acc't plus a stronger Aussie dollar to convert into Baht. Thoughts? Link to comment Share on other sites More sharing options...
trooper Posted October 27, 2008 Report Share Posted October 27, 2008 From what currency? The Bank of Thailand, is pegging the currency. The Baht is currently, overvalued, the USD, will be stronger, against it soon. I'm holding my travel budget in euros and the amount of baht i can spend while in Thailand has dropped almost 20% in a month. I thought maybe in 5 months time frame USD would be better currency for my travel cash? Link to comment Share on other sites More sharing options...
Sporty Posted October 27, 2008 Report Share Posted October 27, 2008 From what currency? The Bank of Thailand' date=' is pegging the currency. The Baht is currently, overvalued, the USD, will be stronger, against it soon.[/quote'] I'm holding my travel budget in euros and the amount of baht i can spend while in Thailand has dropped almost 20% in a month. I thought maybe in 5 months time frame USD would be better currency for my travel cash? Five months, very difficult to say. If I was you, I would take the chance. Till year end, in my thinking, the dollar will get stronger against the Euro and the Baht. Maybe longer. Link to comment Share on other sites More sharing options...
Mentors Posted October 27, 2008 Report Share Posted October 27, 2008 Swiss CHF getting stronger! Link to comment Share on other sites More sharing options...
cavanami Posted October 27, 2008 Report Share Posted October 27, 2008 ...and the USA stocks go down more! Not at the bottom yet... Link to comment Share on other sites More sharing options...
samak Posted October 28, 2008 Report Share Posted October 28, 2008 that's a easy bet, indeed! Link to comment Share on other sites More sharing options...
HeartThais Posted October 28, 2008 Report Share Posted October 28, 2008 We have to be separate noise from trend. Given current volatility, 2% moves in the Dow is simply noise. That said, the way the statistics work, the probability of bigger moves being noise decreases exponentially. The question isn't whether earnings will be bad... they most likely will be. The question is whether the stocks are oversold... I think they are. Link to comment Share on other sites More sharing options...
Tiger Moth Posted October 28, 2008 Author Report Share Posted October 28, 2008 The question is whether the stocks are oversold... I think they are. Care to explain your rationale? Considering all the negatives on the horizon - credit card debt, potential Corporate bankruptcies, entire countires overextended (debt), increased unemployment..... Wondering what you think are the conditions that support the position that stocks are oversold... Link to comment Share on other sites More sharing options...
Dexi Posted October 28, 2008 Report Share Posted October 28, 2008 Most analysts now assume we are headed into a global recession....the question is ,have the markets priced this in fully already ? Link to comment Share on other sites More sharing options...
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