Beta

Slashdot: News for Nerds

×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

An economic perfect storm

Le Marteau (206396) writes | more than 5 years ago

Caldera 3

I'm not saying it was Obama's fault. All I'm saying is the market is factoring in the effect of an Obama win.

When you have the words, "Marxist" and "President" being genuinely used in the same sentence, would you expect anything less? Would one expect the market to leap when those terms are being used? As the certainty of an Obama presidency has increased, the value of the market has decreased, in an almost amazing alignment.

I'm not saying it was Obama's fault. All I'm saying is the market is factoring in the effect of an Obama win.

When you have the words, "Marxist" and "President" being genuinely used in the same sentence, would you expect anything less? Would one expect the market to leap when those terms are being used? As the certainty of an Obama presidency has increased, the value of the market has decreased, in an almost amazing alignment.

My best guess is that we are seeing the intentional trashing of national currencies. Expect there to be calls for the dollar to go the way of the dodo, and for there to be a global currency.

A New World Order

cancel ×

3 comments

Crazy currencies & markets (1)

tqft (619476) | more than 5 years ago | (#25523461)

From 1AUD = USD 0.99 in June to 1AUD = USD 0.61

Warning site may be crap but showed up early in google
http://www.x-rates.com/d/USD/AUD/graph120.html [x-rates.com]

So if I wanted to but USD100 worth of stuff it would now cost me 60% in AUD - because our banks are less screwed up.

I don't one world currency is going to appear as if by magic or even by presidential/government decree.

Try this for a worse case scenario: world agrees agree a financial treaty that would reign in excesses and force oversight on the OTC markets - swaps, CDOs, etc. Would the US Senate agree to it? Letting foreigners have a say on US companies activities? So you could have a solution but have a US government unwilling to implement it.

Hmmmm (1)

Captain Splendid (673276) | more than 5 years ago | (#25635755)

Re:Hmmmm (1)

Le Marteau (206396) | more than 5 years ago | (#25637639)

The Dow Jones Industrial Average rose 305.45, or 3.3 percent, to 9,625.28

yawn

Check for New Comments
Slashdot Account

Need an Account?

Forgot your password?

Don't worry, we never post anything without your permission.

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>
Create a Slashdot Account

Loading...