It is not that the dollar is doing that great. It is that almost all other currencies are doing worse right now. So the dollar and gold appear to be havens of a sort for worldwide investors. The dollar has now returned to territory at least against the Euro not seen for over one year now of .7461 (I used Yahoo financial info) for dollar-Euro comparisons).
As oil keeps dropping like a stone some say the bottom for oil is somewhere(depending upon the expert) somewhere between 40 and 60 dollars a barrel for oil. Many believe now that it doesn't really matter what opec does because many nations MUST pump oil at almost any price or they completely go out of business. So I guess those countries with the lowest wages would fare the best at low oil prices and still make a profit. (But this is just a guess).
Though this in general is bad news for oil companies it is good news for poor people who need to eat food to stay alive unless their banks are closed.
I heard on the David Letterman show that the United Nations has figured a way to feed every child on earth for 3 billion dollars. Though this is only a cup of rice a day, it is enough if grown in third world countries to keep the children of the world alive for, I believe one year?
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- It looks like I wrote this in 2002 which is the year after 9-11
- This is what the code looks like displayed on a page
- Transhumanism from Wikipedia
- 275 Acre Fire near San Luis Reservoir off 152 in California: Video
- As midterms near, grocery prices remain top of mind for many Americans
- Ray Kurzweil created the idea of the Singularity in regard to Artificial intelligence. He believes it will come by 2050
- Cancer rates 1900 to 2000 and beyond
- Supreme Court chief justice allows construction on White House ballroom to continue (temporarily)
- Musk's xAI sues Minn. over first-in-the-nation law banning 'nudification' technology
- Technological Singularity from Wikipedia
Showing posts with label Dollar Going UP. Show all posts
Showing posts with label Dollar Going UP. Show all posts
Saturday, October 11, 2008
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