The economy, is it good or bad. (Page 27/181)
84fiero123 AUG 12, 09:51 PM
Or how about China?

China Seeks to Dampen US Dollar Rumors



Sunday August 12, 3:10 AM EDT

BEIJING (AP) — China sought Sunday to dampen speculation it will conduct a massive sell-off of U.S. dollar holdings, with a central bank official saying the dollar remains a mainstay of its foreign exchange reserves.
In an interview carried by the government's Xinhua News Agency, an unnamed official with the People's Bank of China said U.S. dollars and government bonds are "an important part of China's foreign reserve investments."
China's $1.3 trillion in foreign exchange reserves are the largest in the world and are believed to be comprised largely of dollar assets, potentially giving Beijing enormous sway over the dollar's value and currency markets worldwide.


http://money.excite.com/jsp...s=/alias/money/cm/nw

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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

aceman AUG 12, 10:21 PM
So how about China? What is your opinion on it? If I state my opinion on it and it's not what you want to hear, you call me a pompous, arrogant ass. You wonder why people don't answer you directly?
84Bill AUG 12, 10:34 PM
Oh yeah.. Communist China is our friend.. I forgot about that... and so is human rights abuser of the world Saudi Arabia. Which is where much of out money goes for oil.. Hey pretty soon we may be know for something too.. BEING BROKE AS A MUTHAH ****ER!
pokeyfiero AUG 13, 01:56 AM
I'm looking into changing my investing.
Maybe I should convert to Renminbi.

I hear they are gonna put Clintons face on their newest bills!!
Kinda a thank you for all his support.


100,000.00 USD = 758,250.00 CNY
United States Dollars China Yuan Renminbi
1 USD = 7.58250 CNY 1 CNY = 0.131883 USD

[This message has been edited by pokeyfiero (edited 08-13-2007).]

Pyrthian AUG 13, 11:43 AM
c'mon - just let it finish exhaling, then the economy can draw another bountiful deep breath and make us all happy again....

or is it farting?
84Bill AUG 13, 07:24 PM

quote
Originally posted by Pyrthian:
or is it farting?



That would mean today was a "booty poot"
84Bill AUG 14, 06:37 PM
Jebus.. the Dow took a big dookie today..
NEPTUNE AUG 14, 06:52 PM

quote
Originally posted by 84Bill:

Jebus.. the Dow took a big dookie today..



Oh, stop being a nattering nabob of negativity.
The economy is BOOMING.
And we're winning the civil war in Iraq.
84Bill AUG 14, 07:14 PM

quote
Originally posted by NEPTUNE:



Ohhh yeahhh..... Thanks for the happy pill.

Everything is fine fine...
84fiero123 AUG 14, 07:23 PM
Funny how the people on here that have enough money to invest in the market are the ones saying we are doing fine and the ones that don’t have disposable income, (90% of the American public), think it’s in the shitter.

Dow Off 208 on On Credit, Consumer Woes



Tuesday August 14, 6:10 PM EDT

NEW YORK (AP) — Wall Street pulled back sharply Tuesday as investors worried about fundamental economic problems as well as the ongoing fallout from credit market problems and stocks' own volatility. The Dow Jones industrials skidded more than 200 points.
The downturn in stocks was first triggered by a report from Wal-Mart Stores Inc. that profit will fall below expectations this year as consumers rein in spending. Home Depot Inc., the world's biggest home improvement chain, added to the slide when it said weakness in the housing market caused quarterly profit to slide.
Confirmation that Sentinel Management Group Inc., which oversees $1.6 billion in assets, is seeking to halt investor redemptions exacerbated the selling. Other funds are said to have similar problems as they face withdrawal demands at a time it has become difficult to value low-quality debt.

http://money.excite.com/jsp...ews_id=ap-d8r12ha80&

This is after how many Billions of dollars all the countries in the world put in?

Ya we are doing just fine, as long as you have stock in the oil companies.

------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.