The US Dollar|
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Below are the 20 most recent journal entries recorded in
US Dollar Exchange Rate Issues' LiveJournal:
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|Friday, April 1st, 2011|
Из личного опыта
P. S. Работаю на рынке ценных бумаг уже давно, Честно, про автоматический советник узнала недавно, не верила поначалу и решила подключить его на малом депозите. На мое удивление система работает превосходно и за первый месяц я заработала 70% прибыли от депозита на полном автомате.
- Продуктивная торговля на всех торговых инструментах (валютные пары, CFD, металлы)
- Включает в себя, систему торговли по нескольким стратегиям, в различных условиях на рынке (в тренде, во флете, торговля на откатах, во время коррекции, скальпирование)
- Система защиты депозита от потерь и минимизация рисков
- Автоматическая установка лота под размер депозита
- Система управления MM, и установка уровня рисков, удовлетворяющего инвестора.
- Работает круглосуточно.
- Спокойно переносит временные обрывы связи, так как использует в своей торговле отложенный ордера BUYstop и SELLstop
- Агрессивная и высокодоходная система торговли, дает возможность увеличивать депозит до 200% в месяц, так же советник торгует в спокойном режиме, зарабатывая 50-70% при самых минимальных рисках.
- Советник подходит абсолютно всем инвесторам и трейдерам.
Включил советник и забыл, а он работает и зарабатывает денюжку... КОРОЧЕ ВСЕМ СОВЕТУЮ!!!
|Wednesday, October 13th, 2010|
В строительную компанию (объекты коммерческой недвижимости (банки, офисы, торговые помещения ) – планировка
, перепланировка, реконструкция) требуется Прораб отделочных работ.
Контроль качества и сроков производственных работ. Контроль работы бригад. Составление документации (табели, ведомости)
Образование: от среднего- специального до высшее (ПГС);
Возраст: от 24 лет до 35 лет;
Интересует опыт работы от 3 лет только в коммерческой недвижимости (офисы, банки или торговые помещения. Не квартиры, не коттеджи!!!!! )
Оформление по ТК РФ
Метро: Преображенская площадь
График с 10:00 – 18:00
3/п 40000 – 70000 руб.
(для кандидатов работающих только по Москве и М/о з/ п 40000 – 45000 руб., для кандидатов с возможностью командировок з/п до 70000 руб.
Друзья, отдел конференций газеты "Ведомости" ищет координатора по маркетингу.
Нужна очень аккуратная, исполнительная, ответственная, стрессоустойчивая, с головой на плечах девушка без опыта работа, но с в/о (или незаконченным в/о), горящая желанием начать свою карьеру в крупной серьезной компании среди профессионалов своего дела.
1) Согласмование всех макетов
2) Администрирование сайта (научим, это не сложно)
3) Подготовка материалов к конференции
4) Ведение календаря мероприятий
Если такая девушка есть и она готова влиться в наш славный коллектив, то кидайте резюме сюда: email@example.com
В нашу компанию - одного из лидеров рынка в области веб-анализа и интернет маркетинга, требуется креативный и ответственный веб-дизайнер. Вакансия в нашей компании — это редкая возможность получить разнородный опыт дизайна интернет-проектов самых различных типов от корпоративных сайтов до интернет-СМИ), научиться использовать статистические данные счетчиков при дизайне проектов, всегда стремиться сделать дизайн еще эффективнее по ходу проекта. Если вы готовы учиться и постоянно совершенствоваться, то эта работа для вас.
Опыт работы в профессии (по линии веб) от 2 лет;
Наличие портфолио с 10+ проектами;
Выполнение задач в режиме ограниченного времени;
Ответственное отношение к работе;
Английский язык на уровне чтения технических сайтов;
Умение оценить сроки дизайна проекта;
Не обязательно, но приветствуется:
Опыт по линии принта;
Опыт работы с task-менеджерами.
Дизайн новых интернет-проектов;
Доработке существующих проектов по конкретным задачам;
От 50 т.р. по результатам собеседования;
Рабочее место предоставляется в уютном помещении, в просторной комнате;
В офисе имеется микроволновка, кулер, печеньки, чай/кофе.
Высылать резюме и портфолио на firstname.lastname@example.org.
|Thursday, January 1st, 2009|
|Saturday, September 8th, 2007|
So, this is an oncoming trend I've been noticing for years now - the weakening dollar - between my investing and the business papers/magazines I read there's no end to news on this spiral. The financial community has been heavily buzzing with it since about 2004, and a bit before then, but it's getting more and more serious in the present. One program I listen to had a financial advisor on the other day, and he brought up a good point - America used to be one of the largest exporters of goods, and now we're one of the largest importers. We don't have the top end of inventing and intelligence, and everybody is raised to crave foreign goods. The large amount of importing we do is both bad for the environment AND the economy...and fuels our dependence on relying on other countries to make "the good stuff" and the "high end" and shunning our own goods, without really thinking of what that means to the well being of our economy. The only thing this country is really leading our doing in the world market is consuming and contributing the well being of others, and I think that is GREAT but we're also doing ourselves a serious disservice.
Sure, right now it might be tempting to buy a Japanese made stereo and Italian wine and vegetables grown in Mexico, but what about the stuff done here? Idaho is more than recognised for it's EXCELLENT wine (actually, my favourite wine is ice wine and this is one of the few regions it can be grown in, St Chapelle's is the BEST I've tasted), we have plenty of great produce grown all over the country, I've never turned my nose at California cheese, and I think we've more than proved that we should never purchase toys from China.
I'm not saying we should import NOTHING, I myself am guilty of importing music, my car is a Honda, and I LOVE Lush bath products. What I AM saying is this country is on a downward economic fall and we should be working on rectifying that. Is it going to get worse before it gets better? Yes. Can we make a comeback? Yes. How can we do that? Invest locally, don't spend beyond your means (I'm 25, have never had a credit card until a few months ago, and all I use it for is buying gas and once in a while some groceries to help build good credit - but I never live beyond what I can afford), save save save, and really THINK before you make a large purchase that has been imported. Think. Can I get this same item in a domestic model? Is there some little company that is struggling and undiscovered that can offer equal or superior quality that could use these dollars? Do I really even WANT this or is the media telling me I want it?
Think about it.
|Friday, July 21st, 2006|
Is a nickel worth 6.2 cents?
A US nickel
is supposedly 5 grams and composed of 75% Cu, and 25% Ni. Metal Prices
lists Cu at $7.72 per kg and Nickel at $26.55 per kg. Similar prices are reported at Kitcometals
From this I conclude that $40 worth of nickels (800) has a mass of 4Kg and thus contains 3Kg of Cu, and 1Kg of Ni - worth a total of $49.71.
So fiat money has been crashing in value - esp over the last few years - but is it so bad that one can make a profit by purchasing and melting nickels?
|Friday, April 28th, 2006|
|Sunday, March 26th, 2006|
I periodically check in on the amount of U.S. bonds that are held by foreigners. Back in July of 2005, foreigners held 2,034 billion worth of U.S bonds which amounted to 44% of the outstanding debt held by public. The number has risen to 46% (2,187 billion/4,724 billion). Though, this number may start falling as liquidity abroad shrinks. The European Central bank recently increased their interest rate from 2 to 2.5%, and the Bank of Japan is expected to increases its rates from zero. Also, with continued revaluation of the Yuan there will be fewer surplus dollars for the Chinese to reinvest here. Obviously bond rates will rise to attract more investment, but to what rate and at what value of the dollar.
Other unsubstantiated news (speculation) about the dollar from last week: United Arab Emirates has announced that it is planning to convert 10% of its dollar reserves to Euros and Syria is planning to use euros instead of dollars for its external transactions.
|Monday, November 7th, 2005|
|Tuesday, October 25th, 2005|
|Wednesday, August 24th, 2005|
Hi - just joined
interesting facts from the journal of Nixon's commerce secretary
'In 2004 net US borrowing came to an estimated 666 billion dollars, an annual savings inflow of roughly 5.7 percent of GDP, a number never before reached. At the end of 04 it was still heading upward and approaching twice the previous record in the mid-80s, just before the dollar fell by a third.
'This foreign inflow finances over 4/5ths of US domestic net investment. At the end of 04, foreign central banks held 44 percent of publicly held Treasury debt, up from only 19 percent ten years ago. No leading economy has ever incurred these levels of foreign debt.
'Many nations find at as convenient to save and lend as it is for us to consume and borrow. Everyone has a near-term incentive to avoid any adjustment.Yet the longer we and they fail to reverse course in a coordinated fashion, the more likely it is the adjustment will be late and sudden, with a steep decline in the dollar, a big hike in interest rates, nasty effects on markets worldwide, and a prolonged and painful period of economic stagnation.
'Trouble is, our creditors (mostly Western Europe and Japan) are aging rapidly. They will eventually need their savings at home to pay for their own retirement systems, which are even more costly than our own.
There is another deficit problem in this country, the federal budget deficit:
'In 2004 the IMF, who normally worry about profligate nations like Argentina, took direct aim at the US, warning the world that we are careening toward insolvency. They pointed to a growing imbalance between what the federal government has promised to pay in future benefits, and what it can reasonably expect to collect in future taxes. Its long-term structural deficit now exceeds 500 percent of gross domestic product. Closing that gap, the IMF calculated "would require an immediate and permanent 60 percent hike in the federal income tax, or a 50 percent cut in Social Secuirty and Medicare. -P.Peterson, Running on Empty, 2005 Current Mood: taking flight
|Wednesday, June 29th, 2005|
Intro / dollar to yuan?
Hey! I just joined, and I was wondering, what is the best (cheapest) way to convert dollars into yuan while you are still in the U.S.?
I ask because my boyfriend and I are going to leave for China around Aug. 20 to teach English there for a year.
It seems like the best way to get money back to the U.S. from China is to wire it. My credit union told me that there's a flat rate for that. I'm hoping to have money saved in China, so that there might be a lot of it coming back here, and so it would be better to not have to pay a percentage, I believe.
|Tuesday, June 14th, 2005|
An interesting tidbit about an economic indicator that I was previously unfamiliar with:
"The Baltic Dry Index measures shipping rates around the world. Econo-bulls like my pal Larry Kudlow have been citing it for years as evidence of a strong economy. But, check out page A2 of the WSJ today. The BDI has fallen dramatically over the last 6 months. It's really hard to avoid the conclusion that the entire world economy is slowing. It's also really hard to agree with the Fed's interest rate policy any longer. They are raising rates into a slowing economy and they are risking making things much worse."
--Mark Haines - CNBChttp://spaces.msn.com/members/squawkblog/Blog/cns!1p-PUKlKTyMV0J3SU8XbuxFQ!533.entry
|Tuesday, May 3rd, 2005|
Not sure how this would affect the for-ex rates. They're no good for GDP growth....Mainstream credit card companies double minimum payments
So far, MBNA, Citibank, and Bank of America have announced they are doubling minimum monthly payments on credit card balances from 2 percent to 4 percent. Others are expected to follow suit quickly.When will adjustable-rate mortage holders panic?
Specifically, regulators with the Office of the Comptroller of the Currency began pressuring credit card companies to hike up minimum payments. Another incentive for change: The newly enacted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which requires credit card companies to post a kind of Surgeon General's warning on monthly statements that notifies consumers about how long they'll be in debt if they make minimum payments.
(moderately aged article):
However, several trends among home buyers and new homeowners seem to defy where the Fed is going. Buyers increasingly rely on borrowed money because of smaller down payments. In the highest-priced housing markets, borrowers are turning to interest-only loans and short-term adjustable-rate mortgages in record numbers, ignoring the consequences of rising rates on monthly payments a few years from now. Also prevalent among homeowners is the notion that they can always sell at just the right time, or refinance to another, more appropriate, loan at a later date.
Later in the same speech, Kohn said "… we should not hesitate to raise interest rates to contain inflation pressures just because it might set off a retrenchment in housing prices, just as we were willing to keep rates unusually low as house prices rose rapidly."
|Thursday, April 28th, 2005|
|Saturday, April 16th, 2005|
US Wants China to Revalue Now
I don't know how I missed this one:US calls for immediate flexibility on renminbiThe US administration is calling for China to move immediately to introduce a flexible currency, a marked shift in tactics after several years of patient diplomacy aimed at nudging China towards allowing the renminbi to float.
Officials acknowledge they were shocked by a 67-33 Senate vote this month to allow consideration of a bill championed by Democratic senator Charles Schumer that would impose a 27.5 per cent tariff on all Chinese imports if China does not revalue in six months.
There is also concern within the administration about possible House efforts to give the Commerce Department more say in the decision on whether China is manipulating its currency. The Treasury dismisses that threat to its authority.
One thing you always hear is that the Chinese banking system isn't ready for a floating currency. The following, from Asia Times Online, makes the connection between revaluation and the internal Chinese debt situation. Not particularly well-written, but at least it gets the facts across:It's not the yuan, silly
By Francesco SisciBEIJING - First, they said it must be devalued. Now they want it to be "revalued".
It was the eve of the 1997 Asian financial crisis when the world first raised the chorus for yuan's devaluation. The logic of the markets then: the economy is in a shambles and the banks have run up unmanageable debts; if the yuan is not devalued, Chinese exports would soon become too expensive to hold their position and foreign capital would stop flowing into the country.
The Chinese government then thought there was little to gain from devaluation. It would trigger another round of competitive devaluation from other Asian currencies, which would eat into the newfound advantage of the yuan. So Beijing decided to hold on to its fixed peg to the dollar and boost exports by cutting taxes on exporting companies so that commodity prices went down in dollar terms. The strategy won. Asian currencies stabilized, the dollar went slowly down vis-a-vis other Asian currencies and the new kid on the block, the euro.
The lesson that China learned was that with currencies, one should not lose one's head, even if everyone else in the market is losing theirs. This is a lesson worth keeping in mind amid today's chorus for revaluation. Pundits point at China's long-lasting trade surplus, the gains in its labor productivity, the bulging foreign reserves, the low inflation rate and the country's contribution to global growth to draw the conclusion that yuan is going too cheap. Among their many arguments: a can of Coke or a Big Mac in China costs half of that in the United States, hence the yuan must go up 20-40%.
One more bandied about suggestion is to broaden the exchange band and let the yuan shoot up by some 10%. But if that were to occur, it could well trigger bigger problems. Hot money would have one more reason to come in...Given the country's steady growth, any revaluation of the yuan would only open the floodgates to hot money.
Moreover, China might not be ready for a huge flow of investment into or out of the country. Its stock exchange is, basically, a waste bin. It's the legacy of a time when the state used the share market to rip off small investors to finance non-performing state-owned enterprises (SOEs). But there was a moral angle to this rip-off: the SOEs were supporting workers and the social fabric of urban China. The state and the market needed reform and reform needed money, but there was none available. At the same time, there were lots of people making money, often walking in a gray line between legal and illegal in the shifting paradigm of China's economy in the 1990s....
So the stock exchange worked for both the investors and the state: it gave the state the cash for reform and investors an avenue to distil their ill-gotten money. Even if they were to be ripped off, they couldn't complain too much - the money was easy come, easy go.
Almost everybody in China has done something not perfectly legal with his or her money. In the past, even subletting one's apartment could make one liable for persecution. Thus no one wants to volunteer information on their wealth to the banks and risk a police inquiry into past history. So banks are mainly left with SOEs as their main clients, no surprise then that half the Chinese money is cash circulating outside the banking system.
But money must go back to banks as cash transactions are clumsy and open to deception.. However, for banks to be trusted and not seen as conniving with tax and police officials, there needs to be some kind of an amnesty for past economic "crimes" - something that would pardon, say, tax evasion, but help isolate cases of drug trafficking. Free flow of foreign money in China before all this is done could destabilize the Chinese economy.
Finally, there's the opinion of the IMF, the world's Federal Reserve, that now is a good time to revalue:Good moment for flexible renminbi says IMF
By Geoff Dyer in ShanghaiThe head of the International Monetary Fund said on Tuesday that now was a “good moment” for China to begin moving towards a more flexible exchange rate because of the strength of its economy.
Rodrigo Rato, the IMF's managing director, said the decision on timing was a question for the Chinese government but argued a flexible exchange rate and more open capital account would help China better cope with external shocks.
“These types of changes from inflexible to flexible rates should be done in times of economic strength,” Mr Rato said during a visit to Shanghai. “For China, this is now a good moment.”
His comments come a day after Chinese premier Wen Jiabao said the government would eventually move away from its fixed dollar currency peg, but warned that some countries underestimated the impact a renminbi revaluation would have on Chinese companies and the global economy.
Me, I'm of the opinion that it should float, of course, but implementation will be key to preventing a crisis during the transition. It should be obvious, one hopes, that the US Congress is armed and ready to do something seriously stupid, which should be enough to get all sides off their duff and acting on a practical plan for said implementation. The situation is coming to a head, and the consequences could be ugly.(Crossposted to my journal)
|Thursday, March 31st, 2005|
an interesting point from Yglesias:
Speech Acts and Hard Landings
"Will the current account deficit lead to a hard landing for the American economy? Nouriel Roubini and David Altig debate in The Wall Street Journal and I won't try to adjudicate. What I will observe, however, is this. When reasonably high-profile individuals debate such things in public fora, they're not really offering predictions, they're committing speech-acts aimed at influencing behavior. There's broad agreement between Roubini and others in his camp like Brad Setser that a hard landing is by no means inevitable. Similarly, Altig and others in his camp don't suggest that it's impossible. Everyone agrees that a hard landing is undersirable. And there's rough agreement about under which circumstances a hard landing would be avoided.
"A big part of what's going on here, I think, is that whether or not we see a hard landing has a lot to do with what people think about the likelihood of a hardly landing. If I understand the issues correctly, insofar as policymakers worry about a hard landing, a hard landing is less likely because they'll adopt policies that help avoid one. But insofar as private investors worry about a hard landing, it becomes more likely, because they'll make investment decisions that increase the strain on global financial stability. In large part, then, I don't think this debate is really about economics at all. Instead, the Roubini/Setser camp thinks the most important thing is to put the fear of God into policymakers so they get us off a bad course. The Altig camp thinks the most important thing is to reassure investors to try and avoid a panic that will, itself, cause a hard landing. These financial situations have a curious self-referential character about them. If everybody wakes up on the morning of April 1 and decides that the dollar and the US economy will crash and burn within the next 12 months and they'd better act accordingly, the dollar and the US economy will crash and burn, very quickly."
|Wednesday, March 30th, 2005|
Nowhere To Run: Will That Sustain The Dollar?
Bloomberg's Caroline Baum entertains that possibility:
Just when everyone on the planet concluded that the U.S. dollar had nowhere to go but down, the dollar rallied.
Whether the reversal of fortune proves to be short-lived or sustained, technical or fundamental, remains to be seen. The forces conspiring to make the dollar the currency everyone loves to hate -- the big, bad current-account deficit, which hit 6.3 percent of gross domestic product in the fourth quarter of 2004, and the record budget deficit, with no newfound religion on spending in sight -- are still with us.
However, all that needs to happen is for folks to like another currency less. They don't have to learn to love the dollar more.( Read more...Collapse )
|Saturday, March 19th, 2005|
GM and the Dollar
The problem this may cause for the dollar arises from the fact that foreign investors tend to invest in companies that are well-known, of course, and they don't get much more well known than GM.
Just having a slide in GM stock would not have much in the way of implications for the dollar. Where the problem arises is in the bond market, where GM, along with Ford and GE, is one of the biggest issuers of debt.
GM's debt is now rated just one level away from junk. If it gets rerated down, as Barron's
noted this week, the effect on the bond market would be unpleasant:A GM downgrade to junk status would have huge repercussions, because the company would be expelled from the investment-grade indexes and placed into the high-yield market-which is deemed to be a separate asset class. Many institutions are prohibited from holding sub-investment-grade credits. A cut in GM's rating to double-B territory could be a tripwire that might set off massive selling of one of the corporate market's biggest, most widely-held names.
Greg Peters, the head of US credit strategy at Morgan Stanley, astutely observes that less than two months ago, the credit markets rallied strongly as Fitch Ratings, perceived as a GM-friendly rating agency, was included in the Lehman Credit Index...But on Wednesday, Fitch downgraded GM to triple-B minus, only one notch above junk, and left a negative outlook on the company's debt.
There's actually two ways this could cut: it could be neutral to positive for the dollar if safe-haven buying of US Treasuries results, or it could be negative for the dollar if the pain that foreign holders of GM debt feel, coming on top of losses from the dollar's decline, makes them give up on US assets. This result could occur because of a general perception of risk increasing in the marketplace, in which case repatriation to one's native currency is one perfectly logical way of reducing risk, as you eliminate currency risk from your portfolio.
In this regard, collounsbury
had a prescient post a short while back: Credit, Credit, Credit
|Sunday, March 13th, 2005|
Follow-up to the last post. I haven't had a chance to check out the links on this:
"I have long been a fan of FRB Governor Ben Bernanke. In his Sandridge Lecture, he advances what he calls an ‘unconventional’ interpretation of the deterioration in the current account balances of the Anglo-American economies (as Bernanke reminds his American audience, this is not a phenomenon unique to the US). Bernanke is probably being ironic, because there is nothing at all unconventional about his interpretation, except in the sense that it goes against a conventional wisdom that is thoroughly mistaken.
"Despite underselling his case, he makes many good points, but most importantly, he firmly points the finger at the role of forced saving in East Asia as a contributing factor in global imbalances:
current account surpluses have been an important source of reserve accumulation in East Asia. Countries in the region that had escaped the worst effects of the crisis but remained concerned about future crises, notably China, also built up reserves. These “war chests” of foreign reserves have been used as a buffer against potential capital outflows. Additionally, reserves were accumulated in the context of foreign exchange interventions intended to promote export-led growth by preventing exchange-rate appreciation…
In practice, these countries increased reserves through the expedient of issuing debt to their citizens, thereby mobilizing domestic saving, and then using the proceeds to buy U.S. Treasury securities and other assets. Effectively, governments have acted as financial intermediaries, channeling domestic saving away from local uses and into international capital markets.
"Highly recommended reading.
"Deepak Lal suggests China could do something more useful with its foreign exchange reserves."