Category Archives: economy

Dollar Dips under 34 Baht

November 5, 2007 – 11:04 pm

Last November the dollar was hovering around 40 Baht. The Almighty Greenback has dropped 7 baht under the leadership of GW Bush’s economic gnomes. 7 baht might not seem like much until you do the math. 17% less for the dollar meaning 17% less beer, food, and fun, for while money can’t buy happiness, it can […]

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The Unwizard of Wall Street

September 21, 2007 – 7:45 am

“The fundamentals of our nation’s economy are strong.” GW Bush announced to reporters, then admitted, “There is no question that there is some unsettling times in the housing market.” I bet my life’s savings, almost $500, that GW Bush hasn’t put his hand into his pocket during his presidency other than to scratch his balls, […]

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Wall Street Meltdown

August 15, 2007 – 10:47 pm

Fox Business Analysts have been touting the US stock market like a coked-up thoroughbred at the Kentucky Derby and this week investors were shown the nag’sbones. Dobts about the low-prime mortgage debt rippled across the globe and the gains of 2007 were wiped out ithin a few phone sell calls. Minor adjustment? Sorry.

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Up is not always Down – $US Dollar hits 34

August 10, 2007 – 12:40 am

Isaac Newton is reputed to have said, “Whatever goes up comes down.” This week those words came true. The dollar had been streaking toward pre-1997 levels against the baht. Each decrease cut into my beer fund and I contemplated a move back to the States, where I’d work at the Breakers at Palm Beach as […]

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Dollar Sinking Fast

July 10, 2007 – 11:59 pm

Yesterday’s sell-off by Thai exporters sank the US Dollar to a new 10 year low against the baht and some analysts are confidently predicting that the baht could hit 30 before year’s end. Worst the Bank of Thailand continues to support the dollar, despite the offshore value of the baht is in the 31 range. The […]

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