Strong Dollar Policy...More Fun With Numbers.

[touchring]

Re: Strong Dollar Policy...More Fun With Numbers.

repeat, pls delete.

[c1ue]

Re: Strong Dollar Policy...More Fun With Numbers.

Well, i don't know, i only know that China is operating like a command economy on the macro level. The authorities could dictate the builders to build 1000 of those if they want to.

Hopefully this 1000 new skyscrapers - when many existing ones are still empty - will have a better construction fate than the one in North Korea you pictured:

http://www.chinadaily.com.cn/life/20...nt_8663170.htm

North Korea's "Hotel of Doom" gets a face lift
(Agencies)
Updated: 2009-09-07 14:09

Ryugyong Hotel is seen in Pyongyang in this picture taken August 28, 2009.[Agencies]

SEOUL -A towering North Korean hotel which Esquire magazine once dubbed "the worst building in the history of mankind" has come back to life with a facade of shiny glass windows affixed to one side of the concrete monolith.
But few expect the North will ever finish construction of its 105-storey Ryugyong Hotel, started in 1987 and halted for 16 years because it could have bankrupted the destitute state.
"The hotel doesn't look as shoddy as it once did, probably because of the reflective glass," said a member of a civic group in South Korea that recently returned from a visit to the North.
The 330-meter (1,083 ft) tall hotel dominating the Pyongyang skyline consists of three wings rising at 75 degree angles capped by several floors arranged in rings supposed to hold five revolving restaurants and an observation deck.
Foreign residents of Pyongyang contacted in Seoul said Egypt's Orascom group began renovations last year.
The peak of the 3,000-room hotel, in a country that permits few foreigners to visit, is encircled in new rings of shiny steel. Mirrored glass has yet to be affixed to the other sides of the muddish-grey concrete structure, foreigner visitors said.
"North Koreans told me that you put the glass on one side and if all goes well and looks fine, you then continue on to the others," the civic group member said.
Analysts said the North was likely sprucing up the Ryugyong's facade as part of a campaign to try to turn the state into a "great and prosperous nation" by 2012.
The communist North started construction in a suspected fit of jealousy at South Korea, which was about to host the 1988 Summer Olympics and show off to the world the success of its rapidly developing economy.
But by 1992, worked was halted. The North's main benefactor the Soviet Union had dissolved the previous year and funding for the hotel dried up.
As the North's economy took a deeper turn for the worse in the 1990s, the empty shell became a symbol of the country's failure, earning the nicknames "Hotel of Doom" and "Phantom Hotel."
For a time, the North airbrushed images of the Ryugyong Hotel from photographs.
Architects said there were questions raised about whether the hotel, which has never opened for guests, was structurally sound and a few believed completing the building could cause it to collapse.
Estimates published in South Korean have put the costs of completing the hotel and making it structurally sound at as much as $2 billion, more than 10 percent of the North's yearly gross domestic product.

[Slimprofits]

Re: Strong Dollar Policy...More Fun With Numbers.

Unless he's just full of it, this is a signal of very tight cooperation:

http://www.reuters.com/article/usDol...49682020091008

"We consider that excess volatility and disorderly movements ... have adverse implications for economic and financial stability," Trichet said at a news conference after the ECB kept rates on hold at an all-time low of 1.0 percent.

"We agree on that on both sides of the Atlantic," he said. "We will continue to monitor exchange markets closely and cooperate as appropriate."

[..]

Trichet welcomed a recent statement by U.S. Treasury Secretary Timothy Geithner that a strong dollar was very important to the United States.

"The statement of the U.S. authorities ... is extremely important in the present circumstances," Trichet said.

[jk]

Re: Strong Dollar Policy...More Fun With Numbers.

Unless he's just full of it, this is a signal of very tight cooperation:

http://www.reuters.com/article/usDol...49682020091008

he's just full of it.

[SamAdams]

Re: Strong Dollar Policy...More Fun With Numbers.

While I agree with you, I'd be interested to learn how you argued your points...

Had an interesting encounter with a dinner guest of mine this evening. He's a professor of finance at the university and someone I know and respect for many years. The debate was about the necessity of the US government to bail out the TBTF banks. He started the conversation with that popular and tired old nonsense we have heard so often..."there was no other alternative because the consequences of not doing that would have been worse". By the time we were done I had him convinced that the USA would have been far better off if the system had been allowed to collapse quickly, thus wiping out the power of the entrenched interests that are now getting in the way of any real reform, and then the government step in to help rebuild using the salvagable assets.

As you point out, America seems to need a severe crisis to show her best...

[Blackhawk]

Re: Strong Dollar Policy...More Fun With Numbers.

As you point out, America seems to need a severe crisis to show her best...[/quote]


America can always be counted on to do the right thing, after it has exhausted all other possibilities." - Winston Churchill

[GRG55]

Re: Strong Dollar Policy...More Fun With Numbers.

he's just full of it.

It's been quiet on the "Strong Dollar" front, but Tim's back on the bandwagon this morning in Asia.

If the Dollar dies in the service of its country, does that mean we get to remember it on some future Nov. 11?

Geithner Says Strong Dollar ‘Very Important’ to U.S.

Nov. 11 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner said a strong dollar is in the nation’s interest and the government recognizes the importance it plays in the global financial system.

“I believe deeply that it’s very important to the United States, to the economic health of the United States, that we maintain a strong dollar,” Geithner told reporters in Tokyo today...

...“Because of the important role the dollar plays in the international financial system, we bear a special responsibility for trying to make sure that we are implementing policies in the United States that will sustain confidence” for investors around the world, he said...