How the hell do you figure the currency is the factor playing here BW?

Currency is not a determining factor in this story. This is about credits. Credit crunch. Can you see where that's coming from? You're also missing some rather large chunks of news concerning ECB and national banks it seems to me.

And tumbling? Well. In 2002 and 2003 there was parity. In 2004 and 2005 it was 1.2. In 2006 and 2007 it was 1.3. In 2008 it was 1.4.peaking to 1.5. Back to 1.3 to 1.4 now. Not really a firm ground for your thesis neither.

Is this just a misplaced attempt at gloating as a form of reflex while things are crashing down causing rubble to clear for a decade to come? Things have only just begun BW, you're a bit early on jumping to conclusions. Or do you think bank and finance is all the economy consists of perhaps?

yeah great.. US dollar is great

BUT i can't help but think that if we had a president who people actually listened to, than how the panic at wall street we're seeing, would atleast be kept to a minimum level..
like bush has come out to make a speech just about everyday, and it hasn't helped one bit
only if.. this crisis would atleast have been kept to a minimum and not spiral out of control like it has for weeks now..

dollar pwns euro because our issuing goverment is constitutionally bound to pay its debts without a default

now, based on this socialist bs of a bailout, I believe when it hits the fan, we'll pay out but then pass a 99% tax on bond payments

I'd buy 1000 shares of GM if I had $5000

I find what the russians do with their stock markets very funny they just keep closing it. Perhaps they should remove the stock market altogether? LOL i wouldnt be surprised if Russia turns more towards communism because of this mess. I mean, you and i both know that communism doesn't work but as far as the average russian sees it, it is the only way out.

Also you brought up the indian markets. They collapsed 60%. The indian rupee went down 25% against the dollar. This makes me happy since i am an indian and i live in the Us. i could send money back to india right now and it would be 25% more than 1 month ago.

China... I dont know whats happeneing there?

Japan... holy shit nikkei down 10%

Europe... like Japan except now we actually see what the EU really is. It is just an economic alliance for good times and not for bad. In good times they will make decisions together and grow in strenght but when everything comes tumbling down everyone fends for themself. This is the advantage the US has over Europe.

I think the US has actually been the strong hand in difficult times. This has restored my faith in the American economy.

BW, the EU is super young alliance.. every country has its own lil unique banking system. thus makes it impossible to do one big european rescue operation. each country needs to fullfill the lil differences in each system so a national way may turn out to be way more effective then one european sollution. it has to be done with a lot of cooperation between EU members and i dont really believe that is happening.

No BW, I really can't see how the dollar has been the strenght in this all. European governments followed suit in the bailout of the sector, a sector worth less now, and the consequent adaption of the currency doesn't really come as a huge shock. A dollar however that doesn't change value while Rome is burning, strikes me as artificial. 

See past your pride about that $ of yours, it's far, far from over.

Euro going lower is a good thing for both US and EU. Or at least it is now. It will boost EU export and prevent oil from going skyhigh, buying US some time to solve things (cheaper oil.)

and yeah, nationalism is the reason EU isn't what it should be.

The "largest p*n*s contest" between

"This is an UNBELIEVABLE buying opportunity....even this coming week."
YEP, i'm so excited
i just wish i had more money to buy more stocks X(
but i wouldn't do it next week, i wanna wait atleast a month
it's still too unpredictable

and Yell -- why buy GM when there are stocks around the same price as GM but are actually valued at like 5 times more than what GM is valued at

"Never try to catch a falling knife." Stock exchange cliche. Don't buy yet guys. Or at least employ a very, very careful exit strategy.

GM is probably worth ten times what is now, if I had a thousand shares every dollar it went up would make me $1000

And I'm sorry to say it is because GM has political clout the Congress or the state governments it operates in will give it the loans to keep operating. No matter what.

Dumbasses can't keep a sense of proportion...Suppose GM went under and filed Chapter 11? Thats a reorganization bankruptcy, the Court decides what creditors get paid and how much while GM still sells cars. After a few years the Court wraps that up ans GM goes on as usual.

Suppose GM cant afford that and some creditor files a hostile chapter 7 dissolution bankruptcy. Then its assets are sold off. Perhaps some other carmaker would like some first-rate factories with a ready workforce?  Maybe not, the way Michigan thinks it can tax its way out of recession-- but there's an obvious answer to that too.

The current plan to bailout everybody "too big to fail" is that the govt becomes a partner in failure. CA is nearly there, we're offering $4 billion in bond sales against next July, tax free, and not finding takers. Everybody knows our state is on the brink of default, nobody trusts it even that far. We're actually living month to month here, and with the recession coming that won't last.

That's inevitable when the state is treated like a bottomless pile of gold. But saying so is just "ideology".