Originally posted by BadBadNeil
That is precisely what the US wants though, not really a weak dollar worldwide but higher prices on imported european goods because europe has been intentionally flooding our market will cheap goods which was putting many people out of business. It got so bad that the US had to put tariffs on imported goods to save the economy, and likewise by the EU on US goods. Unfortunately it was ruled illegal by the WTO.
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.
Jan-13-2005 18:26
Izzy
Virtue & Vice
Registered: Apr 2001
Location: TX TA #5
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.
$
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Jan-13-2005 18:51
zig
Supreme tranceaddict
Registered: Dec 2004
Location: Dublin,Ireland
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.
Jan-13-2005 18:59
wolverine16
Pilgrim Pete
Registered: Jun 2004
Location: Chicago, USA
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.
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Jan-13-2005 19:24
MrSquirrel
Auf Wiedersehen
Registered: Aug 2003
Location: In a Tree.
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
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Jan-14-2005 02:53
Fir3start3r
Armin Acolyte
Registered: Oct 2001
Location: Toronto, ON, Canada
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*
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Jan-14-2005 03:00
zig
Supreme tranceaddict
Registered: Dec 2004
Location: Dublin,Ireland
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
