Buy And Hold Your Dollars, Usd Kicking Back Watch Out. - Business - Nairaland
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| Buy And Hold Your Dollars, Usd Kicking Back Watch Out. by best007: 2:11am On Jan 19, 2008 |
Hello Everyone, I have seen alot of topics over the internet bout the Yankees going into a Slump, well few days ago Fed. Chairman Ben Bernake gave a speech where he addressed House committee members and he advised that a stimulus package be unvieled that would be fast and very effective. Sure bush is working on that and it would be revealed soonest. Well this problem basically started off from the Housing sector, so it riippled out into other sectors of the economy and thereby giving fears to a Reccession. What is Reccession? Reccession is Two straight quarters of negative growth, or the period between the peak and the trough. So we have seen the last quarter ( thats last year show signs of negative growth in the US) Now with the stimulus package coming out, watch out and see how $1 would bounce back to N129-N135 before the second quarter of this year. JUst keep your hands crossed as you watch other currencies as well as our beloved naira crash against the almighty USD. Stay Tuned Abbas J. A. |
| Re: Buy And Hold Your Dollars, Usd Kicking Back Watch Out. by naijacutee(f): 12:59pm On Jan 19, 2008 |
If there's any currency worth buying and keeping, I'd say it's the Chinese Yen. |
| Re: Buy And Hold Your Dollars, Usd Kicking Back Watch Out. by detruth: 2:07pm On Jan 19, 2008 |
date=1200705104] Hello Everyone, I have seen alot of topics over the internet bout the Yankees going into a Slump, well few days ago Fed. Chairman Ben Bernake gave a speech where he addressed House committee members and he advised that a stimulus package be unvieled that would be fast and very effective. Sure bush is working on that and it would be revealed soonest. Well this problem basically started off from the Housing sector, so it riippled out into other sectors of the economy and thereby giving fears to a Reccession. What is Reccession? Reccession is Two straight quarters of negative growth, or the period between the peak and the trough. So we have seen the last quarter ( thats last year show signs of negative growth in the US) Now with the stimulus package coming out, watch out and see how $1 would bounce back to N129-N135 before the second quarter of this year. JUst keep your hands crossed as you watch other currencies as well as our beloved naira crash against the almighty USD. Stay Tuned Abbas J. A. [quote][/quote] Haba! Talking about naira like that in nairaland! Another prophet of doom! |
| Re: Buy And Hold Your Dollars, Usd Kicking Back Watch Out. by cutebabe: 3:57pm On Jan 19, 2008 |
The only currency that is worthy of buying now is GOLD. |
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