|
The Dollar Gains Some Ground (pg. 2)
|
View this Thread in Original format
| zig |
| quote: | Originally posted by Izzy
the three of you are a riot :p |
see now we are talking about rioting goats..allways wondered how these threads get side tracked...:) |
|
|
| Blik |
I want a week dollar, I am going to the US of A next summer and I want it to be cheap :D
(going to the West Coast) |
|
|
| x-filer |
| quote: | Originally posted by Blik
I want a week dollar, I am going to the US of A next summer and I want it to be cheap :D
(going to the West Coast) |
WEst coast sucks u should go to Chicago the best city in the US |
|
|
| NeoPhono |
| quote: | Originally posted by x-filer
WEst coast sucks u should go to Chicago the best city in the US |
I don't neccesarily agree with Chicago being the best city (although it's a great one), but the west coast is *always* expensive. The dollar would have to be incredibly weak for the prices on the west coast to come close to being as reasonable as they are in the midwest, south or even the east coast (although both coasts are expensive). |
|
|
| x-filer |
| quote: | Originally posted by NeoPhono
I don't neccesarily agree with Chicago being the best city (although it's a great one), but the west coast is *always* expensive. The dollar would have to be incredibly weak for the prices on the west coast to come close to being as reasonable as they are in the midwest, south or even the east coast (although both coasts are expensive). |
u see its why the west coast sucks too expensive and the ppl just suck their to stupid(hollywood) People in the east coast close to NYC think that their city is the center of the world. But chicago has the railroads and lots of highways leading all over the country and the art institute one of the best in the world and is home to the skyskraper |
|
|
| Sevas Stra |
| and NYC has everything...period :P "NYC is the Rome of the modern world"- John Lennon...no greater man. |
|
|
| Dunya |
| quote: | Originally posted by NeoPhono
It'll be a while until the dollar (if ever) makes it back to post Euro formation levels, but today it took a nice step away from it's trend of steady decline. The dollar rose from the record low of $1.3667 to a six week high of $1.3044. Living in a debtor nation, I can take a sigh of relief. |
The dollar is sinking:D . |
|
|
| Yoepus |
| wouldn't the value of the dollar primarly have a lot to do with the fact that the US is promoting a weak dollar policy and Europe is promoting a strong Euro policy (or what is the EU euro policy anyway?) |
|
|
| biznology |
| quote: | Originally posted by Yoepus
wouldn't the value of the dollar primarly have a lot to do with the fact that the US is promoting a weak dollar policy and Europe is promoting a strong Euro policy (or what is the EU euro policy anyway?) |
?
perhaps, but the dollar IS going to , no policy in the world can emulate that. deficit anyone? lets start investing in the RMB since China is buying more and more trade currency| |
|
|
| zig |
| quote: | Originally posted by Yoepus
wouldn't the value of the dollar primarly have a lot to do with the fact that the US is promoting a weak dollar policy and Europe is promoting a strong Euro policy (or what is the EU euro policy anyway?) |
eeh no...The last thing the European Central Bank wants is a strong euro v dollar..simply because it makes the currency less competitive for european exporters.
Say for example company A in europe is making candles for 1 euro each and company B in the US is importing these candles for 1 dollar each now this example is assuming that the dollar and euro are at parity ie of equal value (as was the case not so long ago).
Today the situation is like this company A in europe is still charging 1 euro per candle but now because the dollar has lost value company B in the US has to pay 1.32 dollars per candle.
And basically this puts the european company at a disadvantage,it means it makes it harder for europeans to export to the USA.
This the last thing that the bigger economies in europe want because it puts them at a major disadvantage and some of them are struggling for growth even without the the problems of the dollar falling.
So all in all bad news for the europeans for all industrys.
Another good example would be say if a year ago you wanted to travel to europe for a holiday,and it cost you 1000 dollars you could have got 1000 euros for your dollars...today to buy that same 1000 euro it will cost you 1320 dollars so its bad news for americans as well depending on what you want to do. |
|
|
| Blik |
| quote: | Originally posted by NeoPhono
I don't neccesarily agree with Chicago being the best city (although it's a great one), but the west coast is *always* expensive. The dollar would have to be incredibly weak for the prices on the west coast to come close to being as reasonable as they are in the midwest, south or even the east coast (although both coasts are expensive). |
We've been to Florida, Colorado, Utah, Arizona and Washington. (And Canada from Vancouver to Calgary, including Vancouver Island)
Now we had too choose between East Coast and West Coast, but my parents where in Washington DC 1 year ago so we choose to go the West for 3 weeks.
Looking forward to it :D let that dollar be very weak :) |
|
|
| BadBadNeil |
| quote: | Originally posted by zig
eeh no...The last thing the European Central Bank wants is a strong euro v dollar..simply because it makes the currency less competitive for european exporters.
Say for example company A in europe is making candles for 1 euro each and company B in the US is importing these candles for 1 dollar each now this example is assuming that the dollar and euro are at parity ie of equal value (as was the case not so long ago).
Today the situation is like this company A in europe is still charging 1 euro per candle but now because the dollar has lost value company B in the US has to pay 1.32 dollars per candle.
And basically this puts the european company at a disadvantage,it means it makes it harder for europeans to export to the USA.
This the last thing that the bigger economies in europe want because it puts them at a major disadvantage and some of them are struggling for growth even without the the problems of the dollar falling.
So all in all bad news for the europeans for all industrys.
Another good example would be say if a year ago you wanted to travel to europe for a holiday,and it cost you 1000 dollars you could have got 1000 euros for your dollars...today to buy that same 1000 euro it will cost you 1320 dollars so its bad news for americans as well depending on what you want to do. |
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. |
|
|
|
|
