Real vs Dollar and other currency issues

[Java Man]

Nope. Dollar on a roller coaster ride vs the Real. Dropped to 3.72.

[Java Man]

Dollar jumped to 3. 80 today. Hopefully, it keeps going up. But its Bad for the locals.

[Java Man]

Nice 3. 91 lets keep up the MO! Can we get a 5 by Christmas? LOL.

That 3.91 was short lived. It's back at 3.70! WTF?!

[Rio Bob]

Dollar has gained 11 cents since my post last week. Currently exchanging at R3. 70 as I type this.

Nice 3. 91 lets keep up the MO! Can we get a 5 by Christmas? LOL.

[Java Man]

Dollar has gained 11 cents since my post last week. Currently exchanging at R3. 70 as I type this.

[Java Man]

Wow! Ten months since the last post here. The Dollar has been steadily increasing on the Real. It's at 3.59 as I write this. I'm still waiting on the 5 to 1 predictions to come true. LOL.

[Paulisto]

Hi folks,

Now the dollar vs real is 1 dollar = 3 reais.

1 real = 0,34 cents of dollar.

[ForceSteeler]

Yes a sarcastic post. If I was criticizing I would've said something like forcesteeler you know nothing! You are a fool! Etc etc.

But I did not because he isn't a fool. His points for a weakening were very valid. I just found the prediction of 5-1 or 6-1 to be ridiculously funny.

A move from 3.5 to 6 would be the same as a 3.5 to a 1-1 rate both not going to happen. Both central banks would become involved way before either happens.

Even the most astute currency trader is probably correct only 55% of the time. With my MBA I have a long and proven track record of being correct 40% of the time meaning I've lost way too much money and won't invest a dollar in currency market anymore.

Most of all I hope to be buying Forcesteeler that bucket of beer when I am proven wrong again and the real hit 6 then 7 to 1 and the Centaurus garotas are less than $100.

The Brazil Real prediction should be 5 to 1 Right now. Why was my Prediction Off?

These were the unforseeing events.

-Dilma Rousseff is Impeached.

-Cutting of All Social Safety Net and Pension Reform (Which caused mass riots).

-Central Bank Now Governs Brazil.

https://www.forbes.com/sites/kenrapo...erning-brazil/#503 cb5 f75206.

What is keeping the real from crashing is the selling of US Dollars and a massive investor influx of cash (Trickle down economics).

We all know trickle down tconomies only works for the short term, kinda like Donald Trump and the Republicans cutting taxes for the wealthy is going to stimulate growth. But it we all know its just a money grab by the Rich Elite and they pocket there tax cuts.

We tried that with the Bush Years and Kansas went extreme a few years ago and itsexperiment is a bust.

https://www.nytimes.com/2017/02/27/o...-ink.html?_r=0

[Soldierb11]

It was sarcastic post.

OK no problem, I did not understand your sarcasm. I thought you were criticizing. I take back what I said.

Yes a sarcastic post. If I was criticizing I would've said something like forcesteeler you know nothing! You are a fool! Etc etc.

But I did not because he isn't a fool. His points for a weakening were very valid. I just found the prediction of 5-1 or 6-1 to be ridiculously funny.

A move from 3.5 to 6 would be the same as a 3.5 to a 1-1 rate both not going to happen. Both central banks would become involved way before either happens.

Even the most astute currency trader is probably correct only 55% of the time. With my MBA I have a long and proven track record of being correct 40% of the time meaning I've lost way too much money and won't invest a dollar in currency market anymore.

Most of all I hope to be buying Forcesteeler that bucket of beer when I am proven wrong again and the real hit 6 then 7 to 1 and the Centaurus garotas are less than $100.

[Komo753]

1- show me where I said Nordico made a prediction. Go ahead find where I said that. You won't find it because I didn't. I simply included his article link in my sarcastic post. I never criticized his opinion directly just laughed at the article.

2- Forcesteeler I did laugh at his 5-1 prediction. But he takes the sarcastic ribbing without getting his feelings hurt like Nordico here. That's why I told him that I would buy him a bucket of beers when it hits 5-1.

I also told him that I hope his prediction is true and mine is wrong because I spend 3 months a year in Brazil whereas he and others only get a few shorter trips.

3- of course the thread here it's a place where anyone can post their prediction on where they think the real goes to. They just need to not get their feelings hurt when someone criticizes their point and shows it didn't come true. I fully expect Forcesteeler to post here and a PM too when my prediction of the real doesn't see 5-1 becomes a big laugh as the real goes 5-1 then 5. 5-1 then more. I will laugh with him and make a new prediction that might or not be correct and we move on.

It was sarcastic post.

OK no problem, I did not understand your sarcasm. I thought you were criticizing. I take back what I said.

[Soldierb11]

1) Nordico did not predict anything, he just sent a link and wrote what experts predict.

2) You have to buy some glasses, you need to read the forum well.

3) Most people on ISG are not currency experts, they just send their thought about what will happen the next months or years.

4) this is a website where we can share some tips, experience and why not our thoughts about currency because we are not brokers.

5) I know I said 1 to 5 , maybe dollars are going to keep dropping or maybe the opposite, it is a matter of time, we never know what will happen later even currency experts made mistakes. The thing is not who is right, the thing is what's the best for everyone with a better currency rate. (vacation cost), accommodation, quality food, more pussies and drinks.

6) it is not because oil will drop reais will drop too, there is a better change for euro and yen and for some other currencies than last year.

1- show me where I said Nordico made a prediction. Go ahead find where I said that. You won't find it because I didn't. I simply included his article link in my sarcastic post. I never criticized his opinion directly just laughed at the article.

2- Forcesteeler I did laugh at his 5-1 prediction. But he takes the sarcastic ribbing without getting his feelings hurt like Nordico here. That's why I told him that I would buy him a bucket of beers when it hits 5-1.

I also told him that I hope his prediction is true and mine is wrong because I spend 3 months a year in Brazil whereas he and others only get a few shorter trips.

3- of course the thread here it's a place where anyone can post their prediction on where they think the real goes to. They just need to not get their feelings hurt when someone criticizes their point and shows it didn't come true. I fully expect Forcesteeler to post here and a PM too when my prediction of the real doesn't see 5-1 becomes a big laugh as the real goes 5-1 then 5. 5-1 then more. I will laugh with him and make a new prediction that might or not be correct and we move on.

[Komo753]

Re-read my post again. I said "if" oil rises the real "could" drop again into 2.5 range.

Oil hasn't dropped and I said the real could drop to 2.5. That is not a prediction. My prediction was and still is real does not. Go to 5-1. That is why I was laughing at all you currency experts and the predictions of a real crash.

1) Nordico did not predict anything, he just sent a link and wrote what experts predict.

2) You have to buy some glasses, you need to read the forum well.

3) Most people on ISG are not currency experts, they just send their thought about what will happen the next months or years.

4) this is a website where we can share some tips, experience and why not our thoughts about currency because we are not brokers.

5) I know I said 1 to 5 , maybe dollars are going to keep dropping or maybe the opposite, it is a matter of time, we never know what will happen later even currency experts made mistakes. The thing is not who is right, the thing is what's the best for everyone with a better currency rate. (vacation cost), accommodation, quality food, more pussies and drinks.

6) it is not because oil will drop reais will drop too, there is a better change for euro and yen and for some other currencies than last year.

[Nordico]

Re-read my post again. I said "if" oil rises the real "could" drop again into 2.5 range.

Oil hasn't dropped and I said the real could drop to 2.5. That is not a prediction. My prediction was and still is real does not. Go to 5-1. That is why I was laughing at all you currency experts and the predictions of a real crash.

Please re-read my earlier post. I didn't predict anything. I posted a link to Bloomberg's article, and explained in two words what it said. I consider Bloomberg a serious institution with some credibility on economic issues. Still it was good enough for you to ridicule.

What comes to your "if", all the economic forecasts, yours, mine or ForceSteeler's are based on many variables, which may or may not happen. Some of the posters based their predictions on failing Brazilian banks, world economy, oil price or if cows learn to fly etc. , so their "ifs" are as good as yours.

Some of you guys here take mongering and being always right too seriously. I don't think the purpose of this thread is to compete with The Economist or WSJ or make a ton of money. Sometimes speculating the future is just fun. If you cannot take anything lightly, just leave the others to speculate and concentrate on life and death issues like pussy price in VM.

[Soldierb11]

Were you laughing too loud or what was the reason you forgot to quote your own prediction in Rio de Janeiro thread, just 4 months before your sarcastic post? 2,5-1, that was a bit low wasn't it? LOL

Re-read my post again. I said "if" oil rises the real "could" drop again into 2.5 range.

Oil hasn't dropped and I said the real could drop to 2.5. That is not a prediction. My prediction was and still is real does not. Go to 5-1. That is why I was laughing at all you currency experts and the predictions of a real crash.

[Nordico]

If I had a real for every time you have posted about the exchange rate hitting 5-1, I would have a beachfront apartment in Leblon. Its no secret the economy is in horrible shape but 5-1 ain't happening (I would love to see that however and will buy you a bucket of beer if it does) The exchange rate could drop again into the 2.5-1 range if oil prices rise again.

Were you laughing too loud or what was the reason you forgot to quote your own prediction in Rio de Janeiro thread, just 4 months before your sarcastic post? 2,5-1, that was a bit low wasn't it? LOL