The Dollar Gains Some Ground - TranceAddict Forums

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-- The Dollar Gains Some Ground
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Posted by Izzy on Jan-13-2005 18:51:

quote:
Originally posted by zig
Well if your logic is correct..how come all the major currencies Euro Yen Sterling are all strengthening against the dollar..and the dollar continues to fall..you cant just choose which currency you would like to see fall without direct intervention by those governments central banks to stop their currencys rising..and this aspect the US Federal Reserve has absolutly no control over..economic history is littered with intervention by central banks and they virtually all have been doomed.

It doesnt matter wether its agianst one currency or more.
becuase of the weak dollar i am having EXCELLENT luck selling electronic components (such as american made AMD flash memory) to the rest of the world.
$

Posted by zig on Jan-13-2005 18:59:

quote:
Originally posted by Izzy
It doesnt matter wether its agianst one currency or more.
becuase of the weak dollar i am having EXCELLENT luck selling electronic components (such as american made AMD flash memory) to the rest of the world.
$

go back a couple of posts and i explained that allready...if your an exporter of goods from the US good news for you..bad news if your an importer..and vice versa for european importers and exporters.

Posted by wolverine16 on Jan-13-2005 19:24:

quote:
Originally posted by Izzy
It doesnt matter wether its agianst one currency or more.
becuase of the weak dollar i am having EXCELLENT luck selling electronic components (such as american made AMD flash memory) to the rest of the world.
$

Like zig said, great for you, but not for many other American businesses. Many Mexican or Eastern European exporters also have an easy time selling items to the U.S. because their currency is worth less, but I don't think on the whole we want their economies.

Posted by MrSquirrel on Jan-14-2005 02:53:

Fuck damn shit this exchange rate getting worse again pisses me off (not that it got much better). I am leaving for europe in 25 hours and I want to be able to at least buy beer. On the plus side....everything minus beer and lift tickets has been paid for already.

The weak dollar being good for exports is a fine argument, but it is a fallacy. The US does not export anything anymore. Our trade deficit just hit another all time record the other day. So much for a weak dollar helping. All it does is makes DisneyWorld more affordable for the europeans.

MrS

Posted by Fir3start3r on Jan-14-2005 03:00:

quote:
Originally posted by MrSquirrel
All it does is makes DisneyWorld more affordable for the europeans.

MrS

Considering they can't do it right themselves... *cough*

Posted by zig on Jan-14-2005 03:04:

quote:
Originally posted by MrSquirrel
Fuck damn shit this exchange rate getting worse again pisses me off (not that it got much better). I am leaving for europe in 25 hours and I want to be able to at least buy beer. On the plus side....everything minus beer and lift tickets has been paid for already.

The weak dollar being good for exports is a fine argument, but it is a fallacy. The US does not export anything anymore. Our trade deficit just hit another all time record the other day. So much for a weak dollar helping. All it does is makes DisneyWorld more affordable for the europeans.

MrS

How is it a fallacy..as you export yourself on holiday

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