Dollars Breaks the P50 Barrier

11 responses to “Dollars Breaks the P50 Barrier”

1. 
   Rusty Ferguson

   November 19, 2008 at 10:23 pm | Permalink | Reply

   Awww, it dipped just below $50 to close at 49.9442

2. 
   Tom Ramberg

   November 20, 2008 at 8:38 am | Permalink | Reply

   I am thinking that it may hit 54 or 55. I plan to start converting some of our savings when it does because I think that it will settle at about 46 later.

3. 
   Tom Ramberg

   November 20, 2008 at 8:40 am | Permalink | Reply

   Hey I just noticed the name change. Did you get spanked for some copyright infringements from a tobacco company?

4. 
   Rusty Ferguson

   November 20, 2008 at 3:15 pm | Permalink | Reply

   It has been to 55 before. I don’t pretend to know but I hope it hits 60 and I think chances are good that it will and even go higher.

   The demand for the dollar is high. The situation in the US is worse than people yet realize.

   I’ve been doing research on advertising cost on the net. I’m amazed at what happened to the cost per click in mid October. A huge drop in what advertisers are willing to pay. That’s a new way to measure economic trends and unreliable. Yesterday, signs of deflation like that during the great depression started to emerge.

5. 
   Rusty Ferguson

   November 20, 2008 at 3:18 pm | Permalink | Reply

   LOL No threats from GI Joe or Joe Camel. I changed it for marketing reasons though.

6. 
   tom

   November 21, 2008 at 12:06 am | Permalink | Reply

   Hi Joe,
   I haven’t heard from you in a while. I was starting to worry about you. I guess you just haven’t wandered through the forum lately. Glad to see you are still mobile.
   Good to see the Peso rate climbing a little. Hope it will even out around here for a while.
   Tom

7. 
   rachamim ben ami

   November 21, 2008 at 5:03 am | Permalink | Reply

   The usual exchange , as much as it can be termed “usual” since it is ALWAYS fluctuating, is above 50. I would never invest in this currency though. Euro all the way.

8. 
   Rusty Ferguson

   November 22, 2008 at 12:04 am | Permalink | Reply

   Hi Tom,

   I saw your PM’s I’ll get to them soon. I’m swamped and today was one of my bad days but over all I’ve been feeling good. I’m writing a lot. Trying to have a new article every day on three blogs. I look forward to the day when the forum is doing well but that’s going slow. Email me! I’ll get to those PM’s soon.

   I do a LOT of research every day on finance and economics, its kind of a hobby for me but I have let it drift away over the years. This new economic crises has peaked my interest, I find it kind of exciting. I must have a sick mind. LOL

   If you had been here a year ago Tom you wouldn’t see this as a slow climb. LOL Last Feb it was near 38Php to 1USD

   Rachmammim, the dollar is in demand right now and as long as deflation in present in the economy that is likely to continue. with investing you can’t rest on any thing being consistent. The dollar is rising against all currencies that I’ve looked at. It’s climbing pretty fast against the EURO at about 1.4xxx and it was $1.7 for one EURO not long ago. The pound is stronger but it too is falling on the dollar.

   I don’t really buy into this idea that the US economy caused the recession, polliticions wish to put the blame on anyone other than themselves but I’m not sure. Housing was over priced here and that hurt the lending. Deflation is caused but a couple of things and one of them is a decrease in the supply of money.

   One of the ways to create money is with loans and since banks will not loan right now, the dollar is hard to come by.

   One potential problem for the US is that China holds a lot of dollars. However, if they dump them all at once that would hurt them as well as us.

   It is a time to stay on your toes, cause the times are a changing…

9. 
   rachamim ben ami

   November 23, 2008 at 9:22 am | Permalink | Reply

   I definitely agree that the US Economy was NOT the cause of the Worldwide Recession (because since last week there abouts it is now a Worldwide issue). I personally began to see signs just after last New Year when the price of rice shot through the roof. Being a miller, it is a vital issue to us and with that I had to take a hard look and I saw a pattern in Se Asia with a bit on Central Asia to boot.

   The Credit Crunch was the proverbial straw for sure, but it never really a cut and dry issue. We were long overdue for this huge bump anyway. 1987 was a LONG time ago.

10. 
    Tom

    November 23, 2008 at 11:07 am | Permalink | Reply

    They wanted a global economy. Now they have one. How are they liking it so far.

    There are a lot of causes when something like this happens. Even the economists don’t really know all the reasons. Eventually it will even out and start climbing. Those who keep their heads and don’t panic will come out ahead. Those who don’t will be selling plastic and scrapmetal for a while.

    I do hope the Peso stabilizes somewhat. If it goes up too much then they raise prices. But notice when it goes back down they don’t lower them.

11. 
    Rusty Ferguson

    November 24, 2008 at 12:48 am | Permalink | Reply

    Inflation has been running at 12.5% but went down last month. I want the Peso to do well. I do not want to live well at the expense of the Philippines.

    I just want the dollar to do even better.

    The Philippines is a developing nation, that is growth is strong. Growth usually brings the risk of increased inflation.

    The peso doing poorly is not inflationary. Inflation will cause the peso to do poorly.

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