Change your money now...
#3
Re: Change your money now...
In the immortal words of Frankie Four-Fingers...."So vot do you know?"
Last edited by DunRoaminTheUK; Aug 17th 2007 at 6:37 am. Reason: Accent was missing
#4
Forum Regular
Joined: Apr 2006
Location: Sunshine Coast
Posts: 77
Re: Change your money now...
The US closed last night just down (but there was a massive slide in the afternoon) - at closing the exchange rate was about 2.49.
Asia is now closing and the rate is getter better 2.53
The UK opens soon and all the analyists are predicting that to fall as well
It seems that the US subprime problem isnt fully in the open yet and most markets are linked. RAMS here announced that they will be hit and they sell on most of their debt to the "high street" institutions so i expect that in the next few days more problems will be announced.
The big problem is the US - and its credit driven growth which is now slowing - Walmart announced yesterday sales will be down "as americans dont have any more money to spend" and as the line goes - when america sneezes the rest of the world catches a cold.
But hey i could be wrong?
#5
Re: Change your money now...
just been reading quite a few news sites and taking a guess based on experience
The US closed last night just down (but there was a massive slide in the afternoon) - at closing the exchange rate was about 2.49.
Asia is now closing and the rate is getter better 2.53
The UK opens soon and all the analyists are predicting that to fall as well
It seems that the US subprime problem isnt fully in the open yet and most markets are linked. RAMS here announced that they will be hit and they sell on most of their debt to the "high street" institutions so i expect that in the next few days more problems will be announced.
The big problem is the US - and its credit driven growth which is now slowing - Walmart announced yesterday sales will be down "as americans dont have any more money to spend" and as the line goes - when america sneezes the rest of the world catches a cold.
But hey i could be wrong?
The US closed last night just down (but there was a massive slide in the afternoon) - at closing the exchange rate was about 2.49.
Asia is now closing and the rate is getter better 2.53
The UK opens soon and all the analyists are predicting that to fall as well
It seems that the US subprime problem isnt fully in the open yet and most markets are linked. RAMS here announced that they will be hit and they sell on most of their debt to the "high street" institutions so i expect that in the next few days more problems will be announced.
The big problem is the US - and its credit driven growth which is now slowing - Walmart announced yesterday sales will be down "as americans dont have any more money to spend" and as the line goes - when america sneezes the rest of the world catches a cold.
But hey i could be wrong?