iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

The Dollar is Barely Down, Year to Date

Despite all of the talk of the U.S. dollar dying, it was up last year and barely down this year, off by just 2.3%. The weakest currency, at least in the developed world, is the New Zealand dollar, off by almost 5%.  On the other hand, commodity and vodka rich Russia has seen its retarded Ruble appreciate by more than 8% this year. And, the Swedish Krona and the Euro have gained 5% and 4.5%, respectively.

Now, if we’re talking about a 3 year time frame or longer, the dollar is one of the dumbest places to keep money ever, save The First Bank of Tulip.

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20 comments

  1. AI

    dollar is going higher you can bet your house on it

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  2. TraderCaddy

    A real chart?
    No etch -a -sketch Chart Art?
    Borrrrrring.
    Somebody get Fly some crayons.

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  3. Yabollox

    Dollar will drop now that Bill Gross has no more Treasuries to sell to the Clam.

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  4. Trading Nymph

    I am waiting for that darn OZ to drop under 1.0000……USD/CHF has been the most interesting pair to watch, imho, so far the USD has been holding support. Its a toss up on which is uglier, USA or Europe.

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  5. Mark

    Meanwhile the CDN$ keeps ripping higher.

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  6. jimmie

    Correct me if I’m wrong but OPEN has a 20 million share float with 40% of it short?

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  7. jimmie

    LOL at anybody short GMCR before today.

    Knarly knarlington

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    • carsony

      I am considering buying some right here.

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      • Blind Read Ant

        I heard the SBUX deal helped, but wow, wish I was on that call gravy train. Try to post more soon jimmie, yeah?

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  8. checklist

    i have asked for a borrow on TVIX, because to me that would be extremely funny.

    not sure about that dollar statement…

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  9. Quint

    Middle East stock market didn’t seem to care today that the Day of Rage is tomorrow?

    Only US media cares.

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  10. Quint

    Flash Crash II

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  11. A Monkey with a Silver Lining
    A Monkey with a Silver Lining

    The Dollar Sucks! You can print them on a computer.

    Buy Silver.

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  12. Quint

    If Saudi Arabia blows up tomorrow, and oil goes to $250, and stock markets around the world fall 20%, and the Great Depression Bernanke Style starts……

    …will they still sell the iPad 2 tomorrow?

    That’s all we care about.

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  13. jimmie

    I’d bet $2000 degenerate OTB dollars that the bullshit story about house of saud shooting bullets at plebs is just that, complete bullshit.

    After all, they have that douchebag Greenberg on there now which completely nullifies any dredibilty they ever had.

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  14. checklist

    trading computers are bipolar

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  15. A Monkey with a Silver Lining and Some Oil
    A Monkey with a Silver Lining and Some Oil

    ROYL going up.

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