what's it gonna be doomers? A stock market crash or a dollar crash. You can't have both. | |
Anonymous Coward User ID: 790370 United States 10/14/2009 07:35 PM Report Abusive Post Report Copyright Violation | |
ZTE
User ID: 779033 United States 10/14/2009 07:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 758950 United States 10/15/2009 08:38 AM Report Abusive Post Report Copyright Violation | If the dollar crashes, then eventually the stock market will crash a few weeks/months later. Quoting: ZTEbut when the stock markets crash, the dollar will rise. check it out, when the dollar falls to a certain level, the Fed will up its "key" rate. this will cause stocks to fall and the dollar to rise. understand? |
ZTE
User ID: 779033 United States 10/15/2009 08:40 AM Report Abusive Post Report Copyright Violation | Right, but if the stock market crashes, unemployment will rise even more. Eventually (months/years), the trillions of paper dollars printed in the past few months will be poured back into the system devaluing the dollar and cause massive inflation. So either way, both systems are screwed given enough time thanks to federal intervention. |
PatrikC325
User ID: 587344 United States 10/15/2009 08:46 AM Report Abusive Post Report Copyright Violation | The dollar crash will be a U.S. problem. Banks have already lowered their holding of dollars to 30%. This means the Euro and Yen will step up and be reserve currencies for the time being. I am not sure about the stock market. A lot of companies are international and it will not effect them dramatically. For citizens it will mean $8 gas and $8 milk. All imports will raise 50 -100% |
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