Tiger Moth Posted November 20, 2008 Report Share Posted November 20, 2008 Surely things look pretty bleak for the global economy. And, as far as I can see, there are no safe havens - global financial markets are all going down, unemployment is increasing (everywhere as far as I can tell - US, China, Thailand...). Commodity prices are falling as demand falls (oil..). So, if things continue on the current trend in this global market (all countries affected), how does this affect the currency market? Everything remains the same as all countries are fcuked? Less developed countries have less margin for problems and take the biggest impact? Any countries which can be expected to do significantly better than most others and therefore will have their currency do well? In this very unusual if not unprecedented environment (perhaps equal to but different than the Great Depression), is it possible for anyone to offer more than a guess? Link to comment Share on other sites More sharing options...
Tiger Moth Posted November 20, 2008 Author Report Share Posted November 20, 2008 Sorry, should have posted this under "Career/Finances". Hope a moderator helps out and moves it! Link to comment Share on other sites More sharing options...
unit731 Posted November 21, 2008 Report Share Posted November 21, 2008 Zimbabwe Invest in cash. Link to comment Share on other sites More sharing options...
samak Posted November 21, 2008 Report Share Posted November 21, 2008 currencies will be very unstable during depression as - uncertainty and speculation increase - all markets (for goods and money) are very volatile; so there are many unpredictable influences on currencies - some countries will be hit harder and some will recover faster; this increases volatility of exchange rates Link to comment Share on other sites More sharing options...
Tiger Moth Posted November 21, 2008 Author Report Share Posted November 21, 2008 Thanks, seems like a very sensible reply. I read (or tried to read, might be more appropriate) and article about the relationship of futures of US$, Yen and Euro - some sort of inverse relationship which I couldn't understand. This shit is really confusing! Link to comment Share on other sites More sharing options...
TroyinEwa/Perv Posted November 21, 2008 Report Share Posted November 21, 2008 That Z100 Bil is worth about $2 usd and a buck in some black market places, I just read. At least I'm a billionaire somewhere......barely. Link to comment Share on other sites More sharing options...
HeartThais Posted November 22, 2008 Report Share Posted November 22, 2008 The dollar has always been the safe haven when there has been nowhere else to go... Link to comment Share on other sites More sharing options...
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