VOOZH about

URL: https://usdollar.livejournal.com

⇱ The US Dollar


👁 Top.Mail.Ru
👁 LiveJournal

Log in

No account? Create an account

Below are the 20 most recent journal entries recorded in US Dollar Exchange Rate Issues' LiveJournal:


[fritzifz]
👁 Image

В строительную компанию (объекты коммерческой недвижимости (банки, офисы, торговые помещения ) – планировка, перепланировка, реконструкция) требуется Прораб отделочных работ.
Обязанности:
Контроль качества и сроков производственных работ. Контроль работы бригад. Составление документации (табели, ведомости)
Требования
Образование: от среднего- специального до высшее (ПГС);
Возраст: от 24 лет до 35 лет;
Интересует опыт работы от 3 лет только в коммерческой недвижимости (офисы, банки или торговые помещения. Не квартиры, не коттеджи!!!!! )
Условия:
Оформление по ТК РФ
Метро: Преображенская площадь
График с 10:00 – 18:00
3/п 40000 – 70000 руб.
(для кандидатов работающих только по Москве и М/о з/ п 40000 – 45000 руб., для кандидатов с возможностью командировок з/п до 70000 руб.

Друзья, отдел конференций газеты "Ведомости" ищет координатора по маркетингу.
Нужна очень аккуратная, исполнительная, ответственная, стрессоустойчивая, с головой на плечах девушка без опыта работа, но с в/о (или незаконченным в/о), горящая желанием начать свою карьеру в крупной серьезной компании среди профессионалов своего дела.

Обязанности:
1) Согласмование всех макетов
2) Администрирование сайта (научим, это не сложно)
3) Подготовка материалов к конференции
4) Ведение календаря мероприятий

Если такая девушка есть и она готова влиться в наш славный коллектив, то кидайте резюме сюда: a.chesnokova@vedomosti.ru

В нашу компанию - одного из лидеров рынка в области веб-анализа и интернет маркетинга, требуется креативный и ответственный веб-дизайнер. Вакансия в нашей компании — это редкая возможность получить разнородный опыт дизайна интернет-проектов самых различных типов от корпоративных сайтов до интернет-СМИ), научиться использовать статистические данные счетчиков при дизайне проектов, всегда стремиться сделать дизайн еще эффективнее по ходу проекта. Если вы готовы учиться и постоянно совершенствоваться, то эта работа для вас.

Требования:
Опыт работы в профессии (по линии веб) от 2 лет;
Наличие портфолио с 10+ проектами;
Выполнение задач в режиме ограниченного времени;
Ответственное отношение к работе;
Английский язык на уровне чтения технических сайтов;
Умение оценить сроки дизайна проекта;

Не обязательно, но приветствуется:
Опыт по линии принта;
Опыт работы с task-менеджерами.

Обязанности:
Дизайн новых интернет-проектов;
Доработке существующих проектов по конкретным задачам;

Условия:
От 50 т.р. по результатам собеседования;
Рабочее место предоставляется в уютном помещении, в просторной комнате;
В офисе имеется микроволновка, кулер, печеньки, чай/кофе.

Высылать резюме и портфолио на andrey@webprofiters.ru.

[velvetechos]
👁 Image
So, this is an oncoming trend I've been noticing for years now - the weakening dollar - between my investing and the business papers/magazines I read there's no end to news on this spiral. The financial community has been heavily buzzing with it since about 2004, and a bit before then, but it's getting more and more serious in the present. One program I listen to had a financial advisor on the other day, and he brought up a good point - America used to be one of the largest exporters of goods, and now we're one of the largest importers. We don't have the top end of inventing and intelligence, and everybody is raised to crave foreign goods. The large amount of importing we do is both bad for the environment AND the economy...and fuels our dependence on relying on other countries to make "the good stuff" and the "high end" and shunning our own goods, without really thinking of what that means to the well being of our economy. The only thing this country is really leading our doing in the world market is consuming and contributing the well being of others, and I think that is GREAT but we're also doing ourselves a serious disservice.
Sure, right now it might be tempting to buy a Japanese made stereo and Italian wine and vegetables grown in Mexico, but what about the stuff done here? Idaho is more than recognised for it's EXCELLENT wine (actually, my favourite wine is ice wine and this is one of the few regions it can be grown in, St Chapelle's is the BEST I've tasted), we have plenty of great produce grown all over the country, I've never turned my nose at California cheese, and I think we've more than proved that we should never purchase toys from China.
I'm not saying we should import NOTHING, I myself am guilty of importing music, my car is a Honda, and I LOVE Lush bath products. What I AM saying is this country is on a downward economic fall and we should be working on rectifying that. Is it going to get worse before it gets better? Yes. Can we make a comeback? Yes. How can we do that? Invest locally, don't spend beyond your means (I'm 25, have never had a credit card until a few months ago, and all I use it for is buying gas and once in a while some groceries to help build good credit - but I never live beyond what I can afford), save save save, and really THINK before you make a large purchase that has been imported. Think. Can I get this same item in a domestic model? Is there some little company that is struggling and undiscovered that can offer equal or superior quality that could use these dollars? Do I really even WANT this or is the media telling me I want it?
Think about it.

[brer_vole]
👁 Image

A US nickel is supposedly 5 grams and composed of 75% Cu, and 25% Ni.

Metal Prices lists Cu at $7.72 per kg and Nickel at $26.55 per kg. Similar prices are reported at Kitcometals

From this I conclude that $40 worth of nickels (800) has a mass of 4Kg and thus contains 3Kg of Cu, and 1Kg of Ni - worth a total of $49.71.

So fiat money has been crashing in value - esp over the last few years - but is it so bad that one can make a profit by purchasing and melting nickels?

[rakehell]
👁 Image

[tectonic_drift]
👁 Image
I periodically check in on the amount of U.S. bonds that are held by foreigners. Back in July of 2005, foreigners held 2,034 billion worth of U.S bonds which amounted to 44% of the outstanding debt held by public. The number has risen to 46% (2,187 billion/4,724 billion). Though, this number may start falling as liquidity abroad shrinks. The European Central bank recently increased their interest rate from 2 to 2.5%, and the Bank of Japan is expected to increases its rates from zero. Also, with continued revaluation of the Yuan there will be fewer surplus dollars for the Chinese to reinvest here. Obviously bond rates will rise to attract more investment, but to what rate and at what value of the dollar.

Other unsubstantiated news (speculation) about the dollar from last week: United Arab Emirates has announced that it is planning to convert 10% of its dollar reserves to Euros and Syria is planning to use euros instead of dollars for its external transactions.

[douglasjames]
👁 Image

I originally saw this story in the Project Censored 2006 collection.

http://www.energybulletin.net/7707.html

[douglasjames]
👁 Image

[douglasjames]
👁 Image

interesting facts from the journal of Nixon's commerce secretary

'In 2004 net US borrowing came to an estimated 666 billion dollars, an annual savings inflow of roughly 5.7 percent of GDP, a number never before reached. At the end of 04 it was still heading upward and approaching twice the previous record in the mid-80s, just before the dollar fell by a third.

'This foreign inflow finances over 4/5ths of US domestic net investment. At the end of 04, foreign central banks held 44 percent of publicly held Treasury debt, up from only 19 percent ten years ago. No leading economy has ever incurred these levels of foreign debt.

'Many nations find at as convenient to save and lend as it is for us to consume and borrow. Everyone has a near-term incentive to avoid any adjustment.Yet the longer we and they fail to reverse course in a coordinated fashion, the more likely it is the adjustment will be late and sudden, with a steep decline in the dollar, a big hike in interest rates, nasty effects on markets worldwide, and a prolonged and painful period of economic stagnation.

'Trouble is, our creditors (mostly Western Europe and Japan) are aging rapidly. They will eventually need their savings at home to pay for their own retirement systems, which are even more costly than our own.
There is another deficit problem in this country, the federal budget deficit:

'In 2004 the IMF, who normally worry about profligate nations like Argentina, took direct aim at the US, warning the world that we are careening toward insolvency. They pointed to a growing imbalance between what the federal government has promised to pay in future benefits, and what it can reasonably expect to collect in future taxes. Its long-term structural deficit now exceeds 500 percent of gross domestic product. Closing that gap, the IMF calculated "would require an immediate and permanent 60 percent hike in the federal income tax, or a 50 percent cut in Social Secuirty and Medicare. -P.Peterson, Running on Empty, 2005


[vireo]
👁 Image

Hey! I just joined, and I was wondering, what is the best (cheapest) way to convert dollars into yuan while you are still in the U.S.?

I ask because my boyfriend and I are going to leave for China around Aug. 20 to teach English there for a year.

It seems like the best way to get money back to the U.S. from China is to wire it. My credit union told me that there's a flat rate for that. I'm hoping to have money saved in China, so that there might be a lot of it coming back here, and so it would be better to not have to pay a percentage, I believe.

Any advice?

[rakehell]
👁 Image
An interesting tidbit about an economic indicator that I was previously unfamiliar with:

"The Baltic Dry Index measures shipping rates around the world. Econo-bulls like my pal Larry Kudlow have been citing it for years as evidence of a strong economy. But, check out page A2 of the WSJ today. The BDI has fallen dramatically over the last 6 months. It's really hard to avoid the conclusion that the entire world economy is slowing. It's also really hard to agree with the Fed's interest rate policy any longer. They are raising rates into a slowing economy and they are risking making things much worse."
--Mark Haines - CNBC

http://spaces.msn.com/members/squawkblog/Blog/cns!1p-PUKlKTyMV0J3SU8XbuxFQ!533.entry

[zaimoni]
👁 Image

Not sure how this would affect the for-ex rates. They're no good for GDP growth....
Mainstream credit card companies double minimum payments:
So far, MBNA, Citibank, and Bank of America have announced they are doubling minimum monthly payments on credit card balances from 2 percent to 4 percent. Others are expected to follow suit quickly.

....

Specifically, regulators with the Office of the Comptroller of the Currency began pressuring credit card companies to hike up minimum payments. Another incentive for change: The newly enacted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which requires credit card companies to post a kind of Surgeon General's warning on monthly statements that notifies consumers about how long they'll be in debt if they make minimum payments.
When will adjustable-rate mortage holders panic? (moderately aged article):
However, several trends among home buyers and new homeowners seem to defy where the Fed is going. Buyers increasingly rely on borrowed money because of smaller down payments. In the highest-priced housing markets, borrowers are turning to interest-only loans and short-term adjustable-rate mortgages in record numbers, ignoring the consequences of rising rates on monthly payments a few years from now. Also prevalent among homeowners is the notion that they can always sell at just the right time, or refinance to another, more appropriate, loan at a later date.

....

Later in the same speech, Kohn said "… we should not hesitate to raise interest rates to contain inflation pressures just because it might set off a retrenchment in housing prices, just as we were willing to keep rates unusually low as house prices rose rapidly."

[rakehell]
👁 Image

"I think Brad Setser overstates things some by characterizing Ben Bernanke's speech on the source of current account deficits as the “don't worry about the current account deficit, there is a global savings glut” hypothesis, but I don't much dispute his analysis of the current environment, and his post on the subject is well worth reading.

"Tim Worstall notes this New York Times piece on the dollar and trade deficits, as does William Polley."


[pantom]
👁 Image

I don't know how I missed this one:





One thing you always hear is that the Chinese banking system isn't ready for a floating currency. The following, from Asia Times Online, makes the connection between revaluation and the internal Chinese debt situation. Not particularly well-written, but at least it gets the facts across:


By Francesco Sisci



Finally, there's the opinion of the IMF, the world's Federal Reserve, that now is a good time to revalue:


By Geoff Dyer in Shanghai



Me, I'm of the opinion that it should float, of course, but implementation will be key to preventing a crisis during the transition. It should be obvious, one hopes, that the US Congress is armed and ready to do something seriously stupid, which should be enough to get all sides off their duff and acting on a practical plan for said implementation. The situation is coming to a head, and the consequences could be ugly.

(Crossposted to my journal)

[rakehell]
👁 Image

Speech Acts and Hard Landings


[rakehell]
👁 Image


[pantom]
👁 Image

The problem this may cause for the dollar arises from the fact that foreign investors tend to invest in companies that are well-known, of course, and they don't get much more well known than GM.
Just having a slide in GM stock would not have much in the way of implications for the dollar. Where the problem arises is in the bond market, where GM, along with Ford and GE, is one of the biggest issuers of debt.
GM's debt is now rated just one level away from junk. If it gets rerated down, as Barron's noted this week, the effect on the bond market would be unpleasant:



There's actually two ways this could cut: it could be neutral to positive for the dollar if safe-haven buying of US Treasuries results, or it could be negative for the dollar if the pain that foreign holders of GM debt feel, coming on top of losses from the dollar's decline, makes them give up on US assets. This result could occur because of a general perception of risk increasing in the marketplace, in which case repatriation to one's native currency is one perfectly logical way of reducing risk, as you eliminate currency risk from your portfolio.
In this regard, 👁 Image
collounsbury
had a prescient post a short while back: Credit, Credit, Credit

[rakehell]
👁 Image

"


[rakehell]
👁 Image
Niall Ferguson compares US to British Empire:

http://www.nytimes.com/2005/03/13/magazine/13WWLN.html

[mackave]
👁 Image

FEATURE-Dollar's fall bestirs white nationalists
Wed Mar 9, 2005 03:58 PM ET

(This story contains language that may be offensive to some readers)
By Kevin Plumberg

NEW YORK, March 9 (Reuters) - Wall Street bankers and politicians around the globe were not the only ones nervously watching late last year as the U.S. dollar plunged.

Using an Internet Web site as their forum, white nationalists, unlikely champions of the greenback, hurled racial epithets at "Zionists" in the Federal Reserve and savaged the Bush administration as the dollar rapidly sank to nine-year lows against other major currencies.
This is just weirdCollapse )

[rakehell]
👁 Image

👁 Image