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Thread: Dollar index hits 3-year low after U.S. ISM services data

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    Dollar index hits 3-year low after U.S. ISM services data

    Dollar index hits 3-year low after U.S. ISM services data - Yahoo! News

    The U.S. dollar fell to a fresh three-year low against major currencies on Wednesday after an industry report showed the pace of growth in the U.S. services sector unexpectedly eased in April.

    For details on data, see [ID:nN04125050]

    The U.S. dollar index, which measures the value of the greenback versus a basket of major currencies, fell as low as 72.696 .

    The dollar also hit a session low versus the euro and extended declines against the yen after the data.

    The euro last traded at $1.4920 , up 0.6 percent, having risen as high as $1.4939 on Reuters data, a 17-month high.

    Against the yen, the dollar fell 0.4 percent to 80.57 .
    ...
    My biggest worry right now is hyperinflation. Already, gas prices and inflation are starting to hurt people, especially the unemployed who are already upside down.

    But if we see true hyperinflation, even if temporary, it will put this country in a tailspin like we haven't seen since the Great Depression. Maybe worse.

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by Erod View Post
    Dollar index hits 3-year low after U.S. ISM services data - Yahoo! News



    My biggest worry right now is hyperinflation. Already, gas prices and inflation are starting to hurt people, especially the unemployed who are already upside down.

    But if we see true hyperinflation, even if temporary, it will put this country in a tailspin like we haven't seen since the Great Depression. Maybe worse.
    Well, that's one campaign promise he kept and the American people supported him.

    YouTube - Obama: We are 5 days from FUNDAMENTALly transforming America

    Hard to blame this on anyone else but themselves. Next time they should consider voting for the content of a person's character.

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by Grant View Post
    Well, that's one campaign promise he kept and the American people supported him.

    YouTube - Obama: We are 5 days from FUNDAMENTALly transforming America

    Hard to blame this on anyone else but themselves. Next time they should consider voting for the content of a person's character.
    Dr. King would agree with you on that.

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by Erod View Post
    Dollar index hits 3-year low after U.S. ISM services data - Yahoo! News



    My biggest worry right now is hyperinflation. Already, gas prices and inflation are starting to hurt people, especially the unemployed who are already upside down.

    But if we see true hyperinflation, even if temporary, it will put this country in a tailspin like we haven't seen since the Great Depression. Maybe worse.
    Go read up on what hyperinflation is before you start to worry.....
    PeteEU

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    housing thru the floor and no basement in sight

    gas prices skyrocketing so americans can't get to work

    general inflation threatening a double dip

    the dollar crashing, investors bailing from continent to continent

    job growth, even after trillions of stim and qe, insufficient even to keep up with population

    muni markets threatened by unsustainable debt

    state pensions two point five trillion dollars short

    entitlement programs in profound danger of collapse, the party in power paralyzed

    the united states senate has failed to produce an itemized budget in two years

    the economic legacy of barack the slasher hussein, and the foundation of the 2012 campaign

    be proud, progressives

    seeya at the polls

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by PeteEU View Post
    Go read up on what hyperinflation is before you start to worry.....
    You find this difficult to grasp?

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    april 12:

    After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.

    Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February.
    Inflation Near 10% Using Old Measure

    seeya at the polls, progressives

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by The Prof View Post
    april 12:



    Inflation Near 10% Using Old Measure

    seeya at the polls, progressives
    In what way does the old measure of inflation factor for the spending allocations Americans face today? Let's take health care for example; in 1993 total health care spending was $921.3 billion or $3,502 per capita, factored for inflation. It accounted for 11% of GDP.

    More desperate fear tactics from the far right....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    from the far right:

    Oil Jumps 2% in a Day - Bloomberg

    gold, oil soar as inflation fears mount

    Oil Rises to 30-Month High - Bloomberg

    Oil climbs to highest since 2008 - Yahoo! Finance

    Two-thirds of oil and gas leases in Gulf inactive - Yahoo! News

    Economist warns of double dip recession if oil hits $140

    Post Carbon - Obama administration reimposes offshore oil drilling ban

    Obama bans eastern Gulf drilling for 7 years - CNN

    Judge rules against White House on drilling ban | Reuters

    Judge blocks deepwater drilling ban; Obama to appeal | McClatchy

    Obama Will Appeal Judge's Ruling Against Drilling Moratorium

    Bill Clinton: Drilling delays 'ridiculous' - Darren Goode - POLITICO.com

    Food and gas prices on the rise

    Gas Prices Show 7th Consecutive Weekly Increase, but It's Not Just About the Middle East - ABC News

    Oil's surge felt by drivers, fliers and shoppers - Yahoo! Finance

    gasoline prices keep rising - Yahoo! News

    March consumer sentiment lowest in over a year | Reuters

    Gas prices up 33 cents in two weeks - CNN.com

    AAA: gas nat'l avg $3.75

    Gasoline up 100% under Obama - Washington Times

    Obama says little short-term help for gas prices

    Wholesale prices up 1.6 pct. on steep rise in food - Yahoo! Finance

    Food Commodities Rise Seen Swamping Consumers With Inflation - Bloomberg

    Get ready to be 'swamped' by food inflation

    Food Inflation Hidden in Smaller Bags

    Corn prices at highest level since summer '08 - Boston.com

    Corn Prices Jump to 33-Month High on Shrinking U.S. Supply - Bloomberg

    Push for green biofuels 'has put food prices up by massive 75%

    Clinton: Too much ethanol could lead to food riots - Yahoo! News

    Global food scare widens

    World Bank: Food prices at "dangerous levels" - Yahoo! News

    World food prices hit record high: UN agency

    Clothing Prices to Rise 10% by Spring

    Inflation Rate Rises: Food, Clothing And Alcohol | Business | Sky News

    Bernanke says commodity prices driving up inflation

    High oil and commodity prices likely to push up inflation | Business | The Guardian

    Consumer morale stagnates in March | Reuters

    Consumer confidence falls sharply in March - MarketWatch

    Fed Buying Bonds by Trillions

    Fed to Buy $600 Billion of Treasurys - WSJ.com

    Fed members raise specter of higher interest rates - Forbes.com

    Fed Likely to Raise Rates

    Fed Official: Funds rate should hit 2.5% in year - MarketWatch

    Minneapolis Fed Sees Higher Rates by Year End - WSJ.com

    Toxic Dollar

    Traders Short Dollar as Currency Loses Attraction

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    Re: Dollar index hits 3-year low after U.S. ISM services data

    Quote Originally Posted by The Prof View Post
    from the far right:
    Short term volatility is exactly that; volatile! Observe

    Care to respond?

    In what way does the old measure of inflation factor for the spending allocations Americans face today? Let's take health care for example; in 1993 total health care spending was $921.3 billion or $3,502 per capita, factored for inflation. It accounted for 11% of GDP.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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