/biz/ - Business & Finance

[Anonymous No.19530974]

Hmmm frens, i'm live in a 3rd world country and bought dollars 3 weeks ago thinking it was a good idea. Now it going down like a mothafucker, how fucking low can we go? Will it get back up?
Currently 1 dollar == 0.88 euro

[Anonymous No.19531014]

>>19530974
>i'm live in a 3rd world
I’m not your fren you subhuman

[Anonymous No.19531054]

>>19530974
You should keep you money in euroes because the risk free rate is lower in Europe than in the US. In other words, all else being equal, the expected return of the dollar is negative (measured in euroes).

Google the interest rate parity if you don't understand.

[Anonymous No.19531071]

>>19531054
last month an anon here told me that i shouldn't buy euros because european union would collapse, kek

[Anonymous No.19531112]

>>19531054
The yield of the German 10-year is -0.3% and the yield of the AMerican 10-year 0.9%. So the expected return of the dollar is approximately -1.2%/ year over the next 10 years.

[Anonymous No.19531144]

>>19531071
I'm not telling you my opinion, I'm telling you what the market's opinion is. It's up to you if you want to trust a random anon or the consensus of one of the most efficient markets (USD/EUR) in the world.

[Anonymous No.19531161]

>>19531071
bruh people have been predicting this shit since the 90s. guess what, europe still got a few good years left in it. 10-20 at most, but yeah

[Anonymous No.19531166]

>>19531071
it wont collapse, but i trust the ECB, france, spain and italy even less than the fed. It seems like yen, chf are decent cash options, and the only bonds that i would buy are asian and NA bonds. The EU bond market is completely FUCKED.

[Anonymous No.19531180]

brehs...