the dollar is going to continue to fall. if the european central bank cuts rates to stay with the fed, it might help, but no one wants us currency, and why would they? those twin ticking timebombs of medicare and social security are being totally ignored by the political establishment. us households are consistently negative on savings rates (which, ironically enough, actually makes sense from a rational point of view. if you think your dollars will be worth less tomorrow than today- go ahead and spend!).
i like your solution of putting money in foreign currencies. i was in spain (canary islands) in 99 and saw ads for the local development bank offering 14% interest rates. i like the idea but didn't end up pulling the trigger. i think i would have just about tripled my money by now. oh well, that's how it goes sometimes. On 10/16/07, Gruss wrote: > > I know nobody seems to care but me, and I know I was 3 years too early > in predicting this, but WOW. > > Just think: you, as an American, are worth HALF of what you were in > 2000. HALF! Remember when we thought this shit only happened in 3rd > World countries? > > A 1M dollar house in the US which used to cost a European 1.5M, now > costs him $700,000. Scary. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Create robust enterprise, web RIAs. Upgrade to ColdFusion 8 and integrate with Adobe Flex http://www.adobe.com/products/coldfusion/flex2/?sdid=RVJP Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:244445 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
