Comments on: That dollar collapse http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/ The idle musings of John B Thu, 29 Jul 2010 14:23:21 +0100 http://wordpress.org/?v=abc hourly 1 By: Matt http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/comment-page-1/#comment-82490 Matt Tue, 13 Jan 2009 21:36:09 +0000 http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/#comment-82490 If sterling rises to 1.65, from 1.45 now, that's only about 12% decline in the dollar, which I wouldn't call a 'collapse'. Unless of course, as I assume you think sterilng is collapsing as well, just not as much. In which case do you think any currency (euro, yuan are the only two that come to mind) will be gaining significantly? Or are you predicting generalised worldwide inflation? It's obviously not an easy one. If sterling rises to 1.65, from 1.45 now, that’s only about 12% decline in the dollar, which I wouldn’t call a ‘collapse’. Unless of course, as I assume you think sterilng is collapsing as well, just not as much. In which case do you think any currency (euro, yuan are the only two that come to mind) will be gaining significantly? Or are you predicting generalised worldwide inflation?

It’s obviously not an easy one.

]]> By: John B http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/comment-page-1/#comment-82479 John B Tue, 13 Jan 2009 17:23:11 +0000 http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/#comment-82479 Well, I've put all my savings into GBP. I'm reluctant to get into shorting, since it's a good way of risk-maximisation... (I don't think my failure to significantly sell GBP and buy USD in summer 2008 was particularly unwise: it was clear both currencies were going to collapse vs EUR and JPY, the question was only one of timing, and the US financial crash was even worse than the UK one. I do, however, think I was an idiot to not buy larger quantities of EUR in summer 2007) Well, I’ve put all my savings into GBP. I’m reluctant to get into shorting, since it’s a good way of risk-maximisation…

(I don’t think my failure to significantly sell GBP and buy USD in summer 2008 was particularly unwise: it was clear both currencies were going to collapse vs EUR and JPY, the question was only one of timing, and the US financial crash was even worse than the UK one. I do, however, think I was an idiot to not buy larger quantities of EUR in summer 2007)

]]> By: Mark Wadsworth http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/comment-page-1/#comment-82478 Mark Wadsworth Tue, 13 Jan 2009 17:16:37 +0000 http://www.johnband.org/blog/2009/01/13/that-dollar-collapse/#comment-82478 OK, but have you put your money where your mouth is and sold USD and/or bought GBP, or even better both? OK, but have you put your money where your mouth is and sold USD and/or bought GBP, or even better both?

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