About Me
- Name: JulieB
- Location: Santa Rosa, California, United States
(sent this out for a re-write, back soon) (or maybe not)
Grand Centrist Station
Linky Love:
Daisy Cutter (blogfather)
Jesse's Place
Pirate's Cove
Texican Tattler
wills4223
Rain Storm
Peach and Pearl
Ken is a Verb
Neighbors:
DWK's Notes on Life
Democratic Veteran
Main and Central
Alternate Brain
StoutDemBlog
My Waisted Life
Progressive Blog Digest
This Divided State
People Get Ready
The Questions to Your Answers
The Podunt Post
Sadly No
Coyote Gulch
Fuzzy and Blue
Hullabaloo
Across Town:
Witnit
Moby Stick
Stuff I Sometimes Read:
Dave Berry's Blog
The Scotsman
PressThink
BuzzMachine
Oxblog
Jewsweek
Intel-Dump
Ogre's Politics & Views
Globalguerrillas
Winds of Change.Net
The General
Crooked Timber
Whatever Already
Ha'aretz
Israpundit
Israellycool
Dooce
Think Progress
Slate
Americablog
Free Thoughts
Daily Kos
Fun Stuff:
Llama Butchers
Protein Wisdom
Basils Blog
Wizbang
Defective Yeti
Lawyers, Guns, & Money
Sharp as a Marble
One Good Thing
Bad Example
Type Your Blog
Military:
Mudville Gazette
Blackfive
2Slick
Guidons, Guidons, Guidons
Who's Your Baghdaddy?
Alexander the Average
Doc in the Box
A Candle in the Dark
Site Design By:
American Warmonger (genius of the template)
Archives
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
June 2006
July 2006
August 2006
October 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
January 2008
June 2008
July 2009
June 2012
The dollar is falling....
It is time to be worried about the budget deficit. There are consequences to spending more than you bring in. The administration needs to wake up from it's "we can do anything we want to" stance. " 'People are going to have to be paid more to hold the U.S. dollar,'' said Tony Norfield, head of currency strategy at ABN Amro Holding NV in London. ``It's not looking very attractive and that spread will have to widen.'' <> Against the euro, the dollar fell to $1.3250 at 10:18 a.m. in London, from $1.3216 in New York late yesterday, when it fell as low as $1.3274, the weakest since Jan. 12, according to electronic currency-trading system EBS. It was also at 104.93 yen, from 104.83. ABN forecasts the dollar will fall to a record $1.40 and to a decade-low 98 yen in six months."..... "China has kept its currency pegged to the dollar since 1995. Japan in the first quarter of last year sold a record amount of yen to help stem its appreciation. The countries' dollar purchases helped them become the two biggest foreign holders of marketable Treasury debt, according to the U.S. Treasury. Policy makers from Japan, China, South Korea and Southeast Asian nations met in Thailand this week to discuss the dollar's slide, according to officials from China's central bank and the Thai finance ministry. The People's Bank of China sent a representative, Xu Bing, director of the bank's international department said today. `Reason to Be Worried' ``They've got every reason to be worried,'' said Norfield at ABN Amro. ``The idea that they can all come together to save the dollar is pretty implausible but it does show the degree to which they are worried about the dollar decline.'' Japanese Vice Finance Minister for International Affairs Hiroshi Watanabe took part in the meeting, another vice minister, Koichi Hosokawa, said at a press conference in Tokyo today. Hosokawa said there had been no discussion of measures to stop the dollar's decline. The U.S. currency dropped 34 percent against the euro and 22 percent versus the yen in the three years through 2004, as the current-account deficit widened to a record. We simply cannot keep our heads in the sand this way. |
