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How about that dollar! #7616844
07/01/22 08:39 AM
07/01/22 08:39 AM
Joined: Feb 2014
Posts: 9,921
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 9,921
Ky
Not too long ago you guys sad the dollar would become worthless! Nope not for awhile!!
https://apple.news/AGQqxiz2TSwqXsV3fR5LPZA

Re: How about that dollar! [Re: jbyrd63] #7616848
07/01/22 08:45 AM
07/01/22 08:45 AM
Joined: Feb 2020
Posts: 4,574
Indiana
P
Providence Farm Offline
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Providence Farm  Offline
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P

Joined: Feb 2020
Posts: 4,574
Indiana
O boy it made. % gain on leser currency.
It still lost value due to inflation .

Re: How about that dollar! [Re: jbyrd63] #7616850
07/01/22 08:46 AM
07/01/22 08:46 AM
Joined: Jan 2007
Posts: 5,293
SW PA
W
white marlin Offline
trapper
white marlin  Offline
trapper
W

Joined: Jan 2007
Posts: 5,293
SW PA
heck yes, the dollar is doing well!

(It takes a whole lot MORE of them to buy ANYTHING here!)



Re: How about that dollar! [Re: jbyrd63] #7616852
07/01/22 08:47 AM
07/01/22 08:47 AM
Joined: Dec 2012
Posts: 1,168
NC - Here there and everywhere
C
coondagger2 Offline
"Brat"
coondagger2  Offline
"Brat"
C

Joined: Dec 2012
Posts: 1,168
NC - Here there and everywhere
Can still get dollar tacos on Wednesday here. I don't think they have heard about inflation on the Mexican news channel yet


Gotta live up to the nickname...
Re: How about that dollar! [Re: jbyrd63] #7616853
07/01/22 08:49 AM
07/01/22 08:49 AM
Joined: Jan 2007
Posts: 2,219
MD
D
DaveP Offline
trapper
DaveP  Offline
trapper
D

Joined: Jan 2007
Posts: 2,219
MD
Joe's sending another 200 BILLION of YOUR dollars to build vaccine factories.
In Senegal!
As long as the Big Guy gets his 10%!

Keep the printing press ROLLING!!!

Re: How about that dollar! [Re: jbyrd63] #7616866
07/01/22 09:16 AM
07/01/22 09:16 AM
Joined: May 2010
Posts: 9,046
mn north of blakely
S
Steven 49er Offline
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Steven 49er  Offline
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S

Joined: May 2010
Posts: 9,046
mn north of blakely
Originally Posted by jbyrd63
Not too long ago you guys sad the dollar would become worthless! Nope not for awhile!!
https://apple.news/AGQqxiz2TSwqXsV3fR5LPZA


You are in over your head, go back to the shallow end.

Do you even know what the dxy market is? Do you know why the dollar is getting stronger,?

You should thank God it is otherwise oil would be 200 dollars a barrel


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: How about that dollar! [Re: coondagger2] #7616877
07/01/22 09:27 AM
07/01/22 09:27 AM
Joined: Apr 2011
Posts: 1,803
SE SD
D
DWC Offline
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DWC  Offline
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D

Joined: Apr 2011
Posts: 1,803
SE SD
Originally Posted by coondagger2
Can still get dollar tacos on Wednesday here. I don't think they have heard about inflation on the Mexican news channel yet


Hole in the wall mexican joint has 5 for 5 on tuesdays here. Ive been waiting for the sad news when they realize theyre losing money but every week they keep givin the bargain. I heard californians are flocking to mexico to make their money quadruple.

Re: How about that dollar! [Re: jbyrd63] #7616921
07/01/22 10:49 AM
07/01/22 10:49 AM
Joined: Dec 2006
Posts: 17,736
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
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G

Joined: Dec 2006
Posts: 17,736
Sandhills Nebraska
Not here! 18 pk of Busch Light just jumped from 9,95 to 10.50 at the DG Market.


Life ain't supposed to be easy.
Re: How about that dollar! [Re: coondagger2] #7616954
07/01/22 11:53 AM
07/01/22 11:53 AM
Joined: Dec 2006
Posts: 18,467
St. Louis Co, Mo
B
BigBob Offline
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BigBob  Offline
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Joined: Dec 2006
Posts: 18,467
St. Louis Co, Mo
Originally Posted by coondagger2
Can still get dollar tacos on Wednesday here. I don't think they have heard about inflation on the Mexican news channel yet

And the Dollar burgers at Micky-D's are great, buy a sack of 'em and they're great cold too!


Every kid needs a Dog and a Curmudgeon.

Remember Bowe Bergdahl, the traitor.

Beware! Jill Pudlewski, Ron Oates and Keven Begesse are liars and thiefs!
Re: How about that dollar! [Re: BigBob] #7617027
07/01/22 01:42 PM
07/01/22 01:42 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,527
McGrath, AK
Originally Posted by BigBob
Originally Posted by coondagger2
Can still get dollar tacos on Wednesday here. I don't think they have heard about inflation on the Mexican news channel yet

And the Dollar burgers at Micky-D's are great, buy a sack of 'em and they're great cold too!


As a McDonald's shareholder I thank you Bob !


Mean As Nails
Re: How about that dollar! [Re: jbyrd63] #7617047
07/01/22 02:16 PM
07/01/22 02:16 PM
Joined: Jul 2016
Posts: 379
SD
T
TC1 Offline
trapper
TC1  Offline
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T

Joined: Jul 2016
Posts: 379
SD
Originally Posted by jbyrd63
Not too long ago you guys sad the dollar would become worthless! Nope not for awhile!!
https://apple.news/AGQqxiz2TSwqXsV3fR5LPZA



Ever notice how a dim bulb stands out in a string of lights?


Long live the MAGA King
Re: How about that dollar! [Re: jbyrd63] #7617057
07/01/22 02:25 PM
07/01/22 02:25 PM
Joined: Feb 2010
Posts: 15,287
pa
H
hippie Offline
trapper
hippie  Offline
trapper
H

Joined: Feb 2010
Posts: 15,287
pa
Worst first half of a year for the stock market in decades is being repoerted .

Worst ever start to the year for the Dow.

Re: How about that dollar! [Re: BigBob] #7617063
07/01/22 02:33 PM
07/01/22 02:33 PM
Joined: Jan 2007
Posts: 2,219
MD
D
DaveP Offline
trapper
DaveP  Offline
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D

Joined: Jan 2007
Posts: 2,219
MD
Originally Posted by BigBob
Originally Posted by coondagger2
Can still get dollar tacos on Wednesday here. I don't think they have heard about inflation on the Mexican news channel yet

And the Dollar burgers at Micky-D's are great, buy a sack of 'em and they're great cold too!



My brother and I bought FORTY of them in Wyoming on an antelope hunt.
I walked up to the counter.
" Can I help you?"
Yes, I'd like 20 McDoubles.
Any fries?
No thank you.
Drinks?
No thanks, I like them dry.

I step aside, my brother steps up to counter.
" Can I help you?"
I'll have what that guy's having, sounds good!

LOL, we ate them for breakfast lunch and supper next couple days.
Heated them on rental truck exhaust manifold.

Last few were hard to swallow.

Flew back to MD.
Got off plane.
We both hit the airport McDonalds.
Each grabbed a couple McDoubles and a coke.

Back.when the Dollar Menu cost a dollar!

Re: How about that dollar! [Re: Providence Farm] #7617080
07/01/22 02:57 PM
07/01/22 02:57 PM
Joined: Feb 2014
Posts: 9,921
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
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J

Joined: Feb 2014
Posts: 9,921
Ky
Originally Posted by Providence Farm
O boy it made. % gain on leser currency.
It still lost value due to inflation .



YEA YEA ! prices are high same price last week before the dollar went up. So I'm wrong again. It hasn't increased in value? LOL. It's always been compared to other currency's .That's how they measure it's worth.
So if the dollar was down 6 % below it's current value and prices remain high .It still sucks?

Re: How about that dollar! [Re: hippie] #7617082
07/01/22 02:59 PM
07/01/22 02:59 PM
Joined: Feb 2014
Posts: 9,921
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 9,921
Ky
Originally Posted by hippie
Worst first half of a year for the stock market in decades is being repoerted .

Worst ever start to the year for the Dow.



Good only way things will get back to semi normal...Make believe money dries up . Prices come down...

Re: How about that dollar! [Re: jbyrd63] #7617083
07/01/22 02:59 PM
07/01/22 02:59 PM
Joined: Aug 2011
Posts: 37,169
james bay frontierOnt.
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Boco Offline
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Joined: Aug 2011
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james bay frontierOnt.
High dollar is not good.
Other countries de valuing their currency against the dollar gives them a huge trade advantage.
Russian ruble is high also hurting russian trade.
It means they are poorer.

Last edited by Boco; 07/01/22 03:00 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: How about that dollar! [Re: Steven 49er] #7617085
07/01/22 03:05 PM
07/01/22 03:05 PM
Joined: Feb 2014
Posts: 9,921
Ky
J
jbyrd63 Offline OP
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jbyrd63  Offline OP
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Joined: Feb 2014
Posts: 9,921
Ky
Originally Posted by Steven 49er
Originally Posted by jbyrd63
Not too long ago you guys sad the dollar would become worthless! Nope not for awhile!!
https://apple.news/AGQqxiz2TSwqXsV3fR5LPZA


You are in over your head, go back to the shallow end.

Do you even know what the dxy market is? Do you know why the dollar is getting stronger,?

You should thank God it is otherwise oil would be 200 dollars a barrel


Yea your the guy that wants to measure every index in percentages.
What percent is your bitcoin down now from last year ?
Dang I just looked down 71.2 percent !!! is that right

I knew I heard a crash last night , well really a thud the crash was back last month or so...


But I swore not to talk finances with the money gurus on here. I'll just stick to panhandleing and I bonds. But did buy my granddaughters a cd at 3.25 for 18 months.

Last edited by jbyrd63; 07/01/22 03:08 PM.
Re: How about that dollar! [Re: jbyrd63] #7617097
07/01/22 03:15 PM
07/01/22 03:15 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,527
McGrath, AK
Steven is correct that if it weren't for the strong dollar, fuel prices would be much worse. It "always" happens that way. Dollar weakens and natural resource prices increase.

I just bought my granddaughters some Amazon shares. At least they are young enough to ride out the volatility.

Measuring in percentages is the only way to compare apples to apples.


Mean As Nails
Re: How about that dollar! [Re: white17] #7617109
07/01/22 03:24 PM
07/01/22 03:24 PM
Joined: Feb 2014
Posts: 9,921
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 9,921
Ky
Originally Posted by white17
Steven is correct that if it weren't for the strong dollar, fuel prices would be much worse. It "always" happens that way. Dollar weakens and natural resource prices increase.

I just bought my granddaughters some Amazon shares. At least they are young enough to ride out the volatility.

Measuring in percentages is the only way to compare apples to apples.


In some cases I agree. But it can also cloud the truth.

Re: How about that dollar! [Re: jbyrd63] #7617122
07/01/22 03:37 PM
07/01/22 03:37 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,527
McGrath, AK
I'm guessing you are referring to percentages.

There is that old saying that......"the more precise the statistic, the bigger the lie".

Example.......99 & 44/100 percent pure........Ivory soap.

But if you are trying to compare investment performance, percentage is all that matters. If you buy a stock at $5 and it goes to $10 that's a 100% increase but if you buy a $50 stock and it goes up to $55 it is only a 10% gain. The absolute dollar amounts are not comparable at all, even though they are the same.

It's even more critical to understand it in percentage terms when prices decline.

Here's a handy chart that shows how much gain is required in percent to get back to break even.

[Linked Image]


Mean As Nails
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