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  #1  
Old 09-16-2008, 01:39 AM
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Quote:
Originally Posted by 732002 View Post
The economy,USD and oil have all been going down.
Actually the dollar has been getting stronger (at least before Ike).
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  #2  
Old 09-16-2008, 05:50 AM
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Quote:
Originally Posted by mwood View Post
Actually the dollar has been getting stronger (at least before Ike).
.
Financial Giants Falling: Lehman, Merrill Lynch, AIG

Morning Edition, September 15, 2008 · Some of the biggest names in the financial world are in trouble. Lehman Brothers, a huge investment bank, is going into bankruptcy. Merrill Lynch remains afloat, but Bank of America is expected to buy it. And the insurance company AIG is examining its options after its stock plunged again last week, losing about half its remaining value.

http://www.npr.org/templates/story/story.php?storyId=94617074

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American Automakers Ask Congress for $50 Billion in Low-Interest Loans, an Industrial Info News Alert

The American automotive industry is in dire straits. Sales have continued to fall each month and announcements of layoffs, closures, buyouts and early retirement occur almost monthly.

http://www.marketwatch.com/news/story/american-automakers-ask-congress-50/story.aspx?guid=%7BEB34D925-E404-4453-96BF-33F37A78A4D3%7D&dist=TQP_Mod_pressN


RichC

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  #3  
Old 09-16-2008, 01:37 PM
mwood's Avatar
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Join Date: Aug 2006
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Quote:
Originally Posted by RichC View Post
.
Financial Giants Falling: Lehman, Merrill Lynch, AIG

Morning Edition, September 15, 2008 · Some of the biggest names in the financial world are in trouble. Lehman Brothers, a huge investment bank, is going into bankruptcy. Merrill Lynch remains afloat, but Bank of America is expected to buy it. And the insurance company AIG is examining its options after its stock plunged again last week, losing about half its remaining value.

http://www.npr.org/templates/story/story.php?storyId=94617074

.

American Automakers Ask Congress for $50 Billion in Low-Interest Loans, an Industrial Info News Alert

The American automotive industry is in dire straits. Sales have continued to fall each month and announcements of layoffs, closures, buyouts and early retirement occur almost monthly.

http://www.marketwatch.com/news/story/american-automakers-ask-congress-50/story.aspx?guid=%7BEB34D925-E404-4453-96BF-33F37A78A4D3%7D&dist=TQP_Mod_pressN


RichC

.
Nice links, now explain how they relate to the thread.
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Old 09-16-2008, 01:41 PM
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Originally Posted by mwood View Post
Nice links, now explain how they relate to the thread.
You said the value of a dollar was going up.

The links show two reasons the value of a dollar is going down

....

The country does not need to waste millions of dollars on drilling for oil.
We have too many other things we need to take care of.


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  #5  
Old 09-16-2008, 08:50 AM
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Quote:
Originally Posted by mwood View Post
Actually the dollar has been getting stronger (at least before Ike).
True.

http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=2y
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