De dag dat de dollar viel #10: Spelen rond de 1.42 grens

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Op vrijdag 12 oktober 2007 05:46 schreef dimage het volgende:
de olie producerende landen gaan in januari waarschijnlijk besluiten om de dollar te laten vallen en de euro te omarmen als standaard betaalmiddel.

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Op vrijdag 12 oktober 2007 03:50 schreef indahnesia.com het volgende:
Ik heb tevens die overgrote dollar in de OP veranderd naar een kleinere. Hosting is van mij trouwens, dus die blijft permanent staan.

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Op vrijdag 12 oktober 2007 07:54 schreef gebruikersnaam het volgende:
IS het trouwens met deze dollarkoers niet goedkoper voor nederland om mevrouw hirshi ali in de VS te beveiligen ?

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Op vrijdag 12 oktober 2007 07:54 schreef gebruikersnaam het volgende:
IS het trouwens met deze dollarkoers niet goedkoper voor nederland om mevrouw hirshi ali in de VS te beveiligen ?

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Op vrijdag 12 oktober 2007 07:54 schreef gebruikersnaam het volgende:
IS het trouwens met deze dollarkoers niet goedkoper voor nederland om mevrouw hirshi ali in de VS te beveiligen ?

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Op vrijdag 12 oktober 2007 03:44 schreef indahnesia.com het volgende:

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Maak hem dan gewoon niet vol

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Weber Says ECB May Need `Restrictive' Interest Rates

European Central Bank governing council member Axel Weber said the bank may need to raise interest rates to a level that restricts economic growth to keep inflation under control.

``If risks to price stability are threatening to materialize, monetary policy can't lose sight of its primary mandate -- even if that means no longer supporting the robust economy or becoming restrictive,'' Weber, who also heads Germany's Bundesbank, said in the text of a speech in Munich late yesterday. There may be an ``additional need'' to raise interest rates, given the ``expected acceleration in euro-region inflation over the coming months.''

The ECB stepped back from plans to raise rates in September, saying it wanted to assess the economic impact of rising credit costs and financial-market turbulence caused by the U.S. housing slump. Signs of discord are starting to emerge among ECB policy makers on the best way forward, with Weber the strongest advocate for another rate increase.

Weber's comments may help the euro test a record today, said Yuji Saito, head of foreign-exchange sales at Societe Generale SA in Tokyo. The euro, which has gained 9 percent against the dollar this year, rose to an all-time high of $1.4283 on Oct. 1. as investors bet the ECB won't follow the U.S. Federal Reserve in cutting rates. It traded at $1.4188 at 8:57 a.m. in Frankfurt.

Council Split?

Council members Vitor Constancio of Portugal and Klaus Liebscher from Austria have noted that the euro's appreciation is helping contain prices on imported goods such as oil, while Ireland's John Hurley and Finland's Erkki Liikanen have stressed the need to gather more information before deciding what to do with interest rates.

ECB council member Miguel Angel Fernandez Ordonez told the Spanish Parliament on Oct. 9 that market turmoil caused by defaults on U.S. subprime mortgages ``suggests an increase in downside risks or economic activity.'' It ``may also have mitigated, to a certain extent, the risks, which are still on the upside, for price stability,'' he said.

While Weber acknowledged ``increased uncertainty,'' he said the ECB needs to remain focused on fighting inflation. ``Price increases are taking place on a broad front and are no longer limited to energy and volatile food prices.''

Accelerating Inflation

Inflation accelerated beyond the ECB's 2 percent limit for the first time in over a year in September. The bank expects inflation to remain ``significantly'' above 2 percent into next year, even after eight interest-rate increases since late 2005.
The ECB left its key interest rate at 4 percent last week and dropped a phrase used in previous months that its monetary policy ``is still on the accommodative side,'' suggesting the bank no longer considers interest rates are boosting economic growth. That also suggests another increase would take rates to a level that starts to slow growth.

Weber said the economic outlook ``continues to be favorable overall for the euro region'' and the ECB's main scenario for ongoing expansion ``remains valid.''

In September the ECB forecast economic growth of about 2.5 percent this year and 2.3 percent next year after 2.8 percent in 2006, which was the fastest expansion since 2000.

ECB President Jean-Claude Trichet said Oct. 9 there are ``some signs'' that financial markets are returning to normal and the Frankfurt-based central bank ``stands ready to counter upside risks to price stability.''

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Op vrijdag 12 oktober 2007 15:33 schreef ClioSporT het volgende:
oh jeej, daar gaan we weer.

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Op vrijdag 12 oktober 2007 15:41 schreef Papierversnipperaar het volgende:

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Wat gaan we weer? Jojoën?

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Ik vraag me af of we gaan zien dat de ECB de rente verhoogd en de FED de rente verlaagd

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Op vrijdag 12 oktober 2007 18:58 schreef Perrin het volgende:
Als je je bedenkt wie er baat heeft bij het vallen van de munt, dan hou je maar een kort lijstje over.. Dat ie op den duur afglijdt.. dat lijkt me erg waarschijnlijk.. 1.50 lijkt me zeker in zicht, misschien zelfs dit jaar nog.

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The largest U.S. banks along with financial regulators are in confidential discussions to find a solution for a lack of cash liquidity ... [for] bank-affiliated investment vehicles that issued tens of billions of dollars in short-term debt ... the plan would be to create a "super conduit" that would issue short-term debt and serve as a buyer of assets currently held by so-called SIVs. [Structured investment vehicles] ...

Citigroup Inc., the world's largest bank in terms of market value, is one leader of the proposed plan. Citigroup has some seven affiliated SIVs with nearly $100 billion in assets.

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Op vrijdag 12 oktober 2007 23:02 schreef gronk het volgende:
http://online.wsj.com/article/SB119221840415557568.html
[..]

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Op vrijdag 12 oktober 2007 23:08 schreef digitaLL het volgende:

Ik kan hier geen chocola van maken. Waar gaat het om ? Dat banken opnieuw gaan proberen slechte leningen te verpakken in derivaten met de bedoeling van die bagger af te komen ?

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Olie naar recordprijs

De olieprijs heeft vandaag een record bereikt van 84 dollar per vat (159 liter) door de toegenomen spanningen tussen Turkije en Noord-Irak. De prijs voor een vat ruwe Amerikaanse olie bereikte 84,05 dollar en zakte later iets terug.

De olieprijs ging sterk omhoog, nadat Koerdische rebellen van de PKK vrijdag bekendmaakten dat ze hun posities in het noorden van Irak verlaten en naar Turkije trekken. De verklaring van de PKK is een reactie op een zinspeling van de Turkse regering op een aanval van het Turkse leger op Koerdische rebellen in Noord-Irak. In de regio wordt een derde van de olie in de wereld opgepompt.

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Op zaterdag 13 oktober 2007 00:06 schreef pberends het volgende:
Olie naar recordprijs
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Goh, dus Bush en Rice hebben er zelfs een genocideontkenning voor over om de olieprijs wat lager te houden . Wat een heerlijke lijkenpikkers pur sang zijn het toch ook.

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Op zaterdag 13 oktober 2007 00:06 schreef pberends het volgende:
Olie naar recordprijs
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Goh, dus Bush en Rice hebben er zelfs een genocideontkenning voor over om de olieprijs wat lager te houden . Wat een heerlijke lijkenpikkers pur sang zijn het toch ook.

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Op zaterdag 13 oktober 2007 11:08 schreef Evil_Jur het volgende:

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Wat heeft dit met de erkenning van de genocide te maken?

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Op zaterdag 13 oktober 2007 12:51 schreef mr.marcus het volgende:

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turkije te vriend houden door die armeense genocide niet te erkennen.
in combinatie met een aanval van Turkije op Noord Irak

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Op zaterdag 13 oktober 2007 11:02 schreef gronk het volgende:
Anders ga je gewoon effe ergens anders zielig lopen doen.

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Credit card debt is ready to blow
Jay Hancock
October 10, 2007

After every financial crisis over the past 10 years, the Federal Reserve has cut interest rates and pumped money into the economy. Each rescue solved the problem - and created a new one.

The next bomb from this chain reaction of bailouts and blowups will be credit-card debt. Hardly anybody is talking about it yet, but banks and consumers are laying the ground for a wave of credit-card defaults, bankruptcies and asset write-offs for 2009 or so.

Regulators and investors have discouraged excessive mortgage lending, so banks are turning to credit cards as the next growth business. They're starting to raise credit limits, lower lending standards and increase recruitment. And now that they can't borrow against homes so easily, consumers are borrowing more against plastic - even to meet higher, adjustable mortgage obligations that they can't handle from their income.

This can end only one way. The only question is how bad it will be.

The percentage of banks tightening credit-card lending standards is hovering near its lowest levels in a decade, according to a Federal Reserve survey.
Junk-mail credit-card solicitations jumped late last year, although they're still below the levels of 2005, according to the Tower Group, a financial services research firm. But more importantly, the percentage of people responding to credit-card come-ons has risen steadily and nearly tripled since mid-2005.

"It doesn't mean that banks are giving the store away, but they've eased their lending standards to be able to grab [market] share" in credit cards, says Dennis C. Moroney, a senior analyst at Tower.
Increasing market share is often banker-ese for "making lots of loans that won't get paid back."

Here's Countrywide Financial boss Angelo Mozilo talking to Wall Street analysts three years ago: "We have a strong focus on growing market share and have set a very ambitious goal of attaining 30 percent market share by 2008." These days, thanks to the dud mortgages Countrywide issued, it has a strong focus on trying to avoid bankruptcy.

When mortgages and home-equity loans were all the rage, consumers had no need to crank up credit-card balances and bank salesmen had no need to push plastic.

But cards are now the bank growth product and consumer lender of last resort. Some households are almost certainly meeting mortgage obligations by borrowing against their credit cards, although it's impossible to tell how many, says banking analyst Bert Ely of Ely & Co. Millions of mortgages issued at low, teaser rates will reset over the next two years, adding to pressure on household finances.

"I wonder how many people are out there right now getting new credit cards and just preparing for that day," says Ely.

As growth in home equity balances has fallen almost to zero, credit-card balances have increased at a 17 percent annual rate over the past six months, according to a report by Merrill Lynch economist David Rosenberg. And the trend, he writes, "is clearly accelerating." A year ago card balances were shrinking.

Card defaults are up, too. They are nowhere near the levels reached after the tech-stock meltdown and the 2001 terrorist attacks, but they will grow. The average American has seven credit cards in his wallet. Americans owe more than $500 billion on cards already. Household debt levels and debt payments are near all-time highs. And the economy is in danger of entering recession.

If banks are swallowing hard before issuing asset-backed mortgage loans these days, should they really be increasing unsecured card debt to the same people? Especially since credit-card interest can be three times as high as mortgage rates and isn't tax-deductible?
No - but the Fed is creating money, regulators eyes' are off the ball and the dough will flow along the line of least resistance.

I'm not saying credit-card pain will be as bad as previous financial blowups. I'm not even saying the Fed shouldn't lay on some lubrication.

I am saying to expect a new chapter in the chain reaction of bubbles that began 10 years ago. The Fed cut rates to fix the emerging-markets stock collapse in 1997 and 1998, and we got the Nasdaq craze. It cut rates to fix the Nasdaq crash and we got the housing bubble. Now it's cutting rates to fix the housing slump.

Easy card deals will soon be everywhere you want to be. It may be good news for retailers temporarily. But look out below.

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After every financial crisis over the past 10 years, the Federal Reserve has cut interest rates and pumped money into the economy. Each rescue solved the problem - and created a new one.

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Op zondag 14 oktober 2007 12:16 schreef gronk het volgende:

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Tendentieuze beginzinnen. D'r was maar *een* financiele crisis in de afgelopen 10 jaar...

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I am saying to expect a new chapter in the chain reaction of bubbles that began 10 years ago. The Fed cut rates to fix the emerging-markets stock collapse in 1997 and 1998, and we got the Nasdaq craze. It cut rates to fix the Nasdaq crash and we got the housing bubble. Now it's cutting rates to fix the housing slump.