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Food for thought. 
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
That is exactly correct. I am feeling the effects of this already and it is deeply worrying. -
Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
"The Treasury Secretary supports a strong Dollar policy"...Originally posted by Lukester View Post
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
As EJ said: A strong dollar will decapitate the one sector performing well in the US economy right now.
And as I've said: he who has the strongest currency is the loser in this round of the Great Game.Comment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
One week later, the dollar is still rising!! Commodities are still plunging.
If the momentum continues unabated, Q4 will have the most terrible earnings in 30 years!
Looks like Buffet is wrong this time.Comment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
Very true, and that's why the financial crisis is really a canard for a bigger trade crisis.Originally posted by c1ue View PostComment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
remember what fdr did to the bond market? jesse has a chart on that that jk posted.Originally posted by phirang View Post
i do NOT want to be long bonds when that happens... again!Comment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
If "momentum continues unabated" commodities go to zero and the US Dollar goes to infinity. The way some in the media and on the internet keep blathering on [about deflation] I get the impression they are convinced that outcome is merely weeks away...:rolleyes:Originally posted by touchring View PostComment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
Looks like $100 billion is too little, if every company sales drop 20%, how much will that be?
http://ap.google.com/article/ALeqM5g...V6NEwD947OQ1G0
Auto sales drop to dire level as GM's fall 45 pct.
By TOM KRISHER and BREE FOWLER – 18 hours ago
DETROIT (AP) — U.S. auto sales dropped to their lowest level in more than 17 years last month as consumers frightened by Wall Street turmoil stayed away from showrooms, prompting some auto company executives to predict dire consequences if the market doesn't improve.
By the time all automakers reported their numbers Monday, sales had dropped 32 percent to just over 838,156 vehicles, the lowest monthly sales figure since January 1991, according to Autodata Corp. and Ward's AutoInfoBank.
"This is clearly a severe, severe recession for the U.S. automotive industry and something we really can't sustain," said Mike DiGiovanni, General Motors Corp.'s executive director of global market and industry analysis who said the government should speed up actions to thaw out frozen credit. "There really needs to be actions focused on the consumer and available credit."
GM's sales plunged 45 percent in October, the worst drop of any major automaker. Chrysler LLC, which is in talks to be acquired by GM as a way for both companies to survive in the current climate, saw a 35 percent decline. Ford Motor Co.'s sales dropped 30 percent.
Japanese companies weren't immune from the carnage, with Toyota Motor Corp. sales down 23 percent despite a zero-percent financing offer. Honda Motor Co.'s sales dropped 25 percent and Nissan Motor Co.' sales tumbled 33 percent.Comment
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Re: US companies to lose a hundred billions in earning in Q4 on currency gain?
3 weeks later, expected losses have gone up another $50 billion.
USD still rising. Looks like massive layoffs soon.Comment
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