Dollar is Rallying

[AllentownJake]

http://online.wsj.com/article/BT-CO-20091126-704652.html

A lot of people who were shorting the dollar are having a very bad Thanks Giving and are going to have even a worse day tomorrow. Oh well, I don't have the money to play those types of games in currency markets.

[JVS]

1. HAHAHA fuckers!

[Better Today]

2. Even with the Dubai stuff going on, you really think it will rally significantly?

[AllentownJake]

5. It doesn't have to move much

To seriously fuck up someone's day that was betting on the other way.

[Warpy]

3. Dollar up, Dow down

Ah, well, the illusion was nice while it lasted.

Perhaps I should take a peek and find out how much funny money I have today that I'll "lose" tomorrow.

[AllentownJake]

11. Hope the dollar carry trade theory

Is just a theory. If the market stays up despite an up tick in the dollar, I'll be posting an economic cheerleading thread.

[aint_no_life_nowhere]

4. Hasn't the dollar lost about one half its value after getting that monkey on our back?

[AllentownJake]

6. No it hasn't lost half it's value

http://www.dowjoneswebservices.com/chart/view/3096

[aint_no_life_nowhere]

9. It's pretty close to that

When Bush won the election in 2000, it took 1.2 Euros to buy a dollar. Today, it takes only .66 to buy one.

[AllentownJake]

10. Well it will be up more tomorrow

Europe and Asia have a higher exposure to Dubai than America does.

[theophilus]

19. Who won what when? n/t

[aint_no_life_nowhere]

21. Yeah, I know

[CJCRANE]

7. The dollar lost 46% of its value against gold as of Dec 2005.

http://www.nysun.com/editorials/bush-dollar/23938/

I'm not an economist so I don't know if that's relevant or not but it seems interesting.

[AllentownJake]

8. Most currencies have lost their value against Gold

Gold is a place people put their money during uncertain economic times because it has an intrinsic value and is a hedge against monetary policy that might devalue a currency.

Gold will probably be up tomorrow as well.

[madrchsod]

22. the world is no longer on a gold standard

[DainBramaged]

12. These are the folks Booshe let buy our seaports

AIG unit to buy Dubai company's U.S. ports

State-owned Dubai Ports World said on Monday that it had agreed to sell its U.S. port operations to an American International Group unit after relinquishing control to allay concerns about U.S. national security.
DP World will conclude its deal with AIG Global Investment Group in the first quarter, the Gulf Arab company's chief executive, Mohammad Sharaf, told Reuters. He declined to give a value for the deal.

DP World took over facilities at six major U.S. ports when it acquired Britain's Peninsular & Oriental Steam Navigation for $6.8 billion in February, becoming the world's third-largest container port operator.

DP World agreed to sell its P&O facilities in New York, New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans after U.S. lawmakers threatened to block the company, saying they feared giving a state-owned Arab company control of U.S. port terminals would pose a threat to national security.



"We have reached a deal covering 100% of the U.S. assets," Sharaf said Monday. "It will be a cash deal."

Jamal Majid Bin Thaniah, group chief executive of Dubai Ports and Jebel Ali Free Zone Authority, which includes DP World, in October told U.K. publication Lloyd's List that the company expected the winning bid price to exceed $700 million, or about 10% of the price it paid for P&O.

AIG declined to comment on the price it had agree to pay for P&O's U.S. port business.

Publicly traded U.S. companies are bound to reveal the price of acquisitions if they are deemed material, or significant to the company's capital base.

AIG Global Investment Group, part of American International Group, the world's largest insurer, has more than $635 billion in assets.

http://www.usatoday.com/money/industries/2006-12-11-dubai-ports_x.htm

Would You Buy a Used Camel From This Man?


Dear Leader is pissed.

He'll veto anything an upstart Congress sends him about the Dubai Port deal.

WASHINGTON, Feb. 21 — President Bush said this afternoon that he would veto any legislation seeking to block the administration's decision to allow a state-owned company from Dubai to assume control of port terminals in New York and other cities.

Mr. Bush's rare veto threat came as Republican leaders and many of their Democratic counterparts called up today for the port takeover to be put on hold. They demanded that the Bush administration conduct a further investigation of the Dubai company's acquisition of the British operator of the six American ports.

http://spacetimecurves.blogspot.com/2006/02/would-you-buy-used-camel-from-this-man.html

[AllentownJake]

13. If they have any other US assets

they are going to be bought back at a discount what was paid for them...didn't anyone learn the lesson the Japanese had to learn in the 80s.

:rofl:

[DainBramaged]

14. Dollar up, oil goes down.............just in time for Christmnas........

The speculators deserve a better fate.....like the dollar jumping up to about 125 yen and 2 Yuros.

[AllentownJake]

15. Wonder where Goldman placed their bets

Would indeed be a nice Christmas, indeed.

Seeing they were planning for a market rally in December, my guess was on a falling dollar.

[BeFree]

18. Hey

Wasn't Dubai where the new Haliburton HQ is located?

Ya think Cheney has been consulting Dubai?

And wasn't there a great, shiny new city being built in Dubai?

[Skink]

16. I'm going out on a ledge and not filling up until next week.

Just watch I won't fill up. Yeah I won't.

[AllentownJake]

17. Probably a good bet

You'll probably save about 5 cents a gallon

[Sarah Ibarruri]

20. The greatest damage done to this country was outsourcing all our jobs

How are the assholes who gave our jobs to China, India, etc. going to bring those back? And where are people going to work for money, if there are no jobs? It's as simple as that.

[enid602]

23. Dollar

As of this writing, the Euro is at 1.4967 Dollars, 1/5th of 1% off of yesterday´s close. I don´t think the Dollar will gain too much momentum on Dubai´s woes.