Economy Stimulus Plan a Taxpayer-Funded Bank Bailout in Disguise! June 27, 2008
Posted by J. Wu in : Uncategorized , comments closed Bush’s economic stimulus plan consisted of three points. 1. $600 tax rebates to low to middle income Americans. 2. Revised tax deduction expenses for small businesses to stimulate entrepreneurship. 3. Doubled the loan limit of mortgages that qualify to be acquired by government organizations, Fannie Mae & Freddie Mac. (the media rarely discusses this point!!) I have [...]5 Credit Card Fees You Probably Didn’t Know About June 23, 2008
Posted by Jay Fitzpatrick in : Uncategorized , comments closed There’s no disputing the fact that credit cards have become a basic necessity today; with all the awareness that’s being raised about the debt problems caused because of credit cards, people are beginning to realize the value of using them judiciously. But there are other ways in which credit cards can cost you money [...]$150 Gift Card Bonus on Citi Checking June 23, 2008
Posted by Hans Thorsen in : Uncategorized , comments closed Citi is running a bonus offer on their checking account. Sign up and deposit at least $1000 in your account, and fund your account with direct deposit, and Citi will award your account with 16,000 ThankYou points, redeemable for a $150 gift card.Interest Rates Poised to Move Higher June 16, 2008
Posted by Jay Fitzpatrick in : Uncategorized , comments closed Good news for savers! The Federal Reserve has made it clear that they are actively going to try to fight inflation! This news has sent interest rates on long term certificate of deposits soaring! In the coming months, we should continue to see steady increases in deposit rates all across the board. Money market and [...]Have Gas Prices Changed YOUR Habits? June 11, 2008
Posted by J. Wu in : Uncategorized , comments closed Because of the success of our last poll, “How are YOU Spending Your Stimulus Check?” we are running another poll this week. Gas prices are soaring and are showing no signs of letting up as we head into the summer. n How Have High Gas Prices Affected Your Everyday Life? Cancelled a vacation. Started carpooling. Bought a more fuel [...]The comeback of the dollar June 10, 2008
Posted by Sören Zschoche in : Uncategorized , comments closed
5 years ago you had to pay 0,80 US-Dollar to receive one Euro, now 5 years later in 2008 you have to pay two times the price. That´s enormous, the Euro has won 100 % in value against the Dollar in just 5 years and achieved it´s all-time high on the 22.04.08 with a exchange rate of 1,6018. By the way, this was seemingly so exciting that even Europe’s yellow press took notice of it and came up with headlines like “Shopping for the half price” or “Visit New York, now”. I had to laugh when in November 2007 the international Supermodel Gisele Buendchen explained that from now on she will only accept Euro for her payment. The European exports went down and particularly the world export champion Germany yammered very much.
So the question is how long will the dollar fall in price? Sure thing is that the dollar will come back, so don´t worry. The question is when it will happen, which is not easy to answer. However, in my opinion the dollar will come back either in the next month or at the latest just after the U.S. elections.
Here´s why:
The first and most important reason for my theory is fact that the FED can´t relax the monetary policy anymore and the FED wouldn´t do that neither. On tuesday the third of Juli, for example, even Ben Bernanke the chief of the FED did something which is extremely rare for the FED he spoke about the exchange rate of the US-Dollar and claimed the U.S. Dollar is sharply underrated. And even though also the EZB, the European central bank, has announced to rise the bank lending rates again in my opinion the comeback will come.
Because whereas Europe and the rest of the world are slipping in a recession the weak dollar is helping the U.S. economy to get better through the crisis. Companies like IKEA, Toyota or BMW are investing huge amounts of money in in the U.S. now, the U.S export will grow while the imports will decrease. That all will help the dollar to recover. There is only the impulse from the FED missing but that surely will come right after the elections or even earlier.
But nobody can exactly know how the markets will behave so don´t take my words at face value, it´s just an opinion…