Posted on 11/07/2007 7:41:37 AM PST by BGHater
We gave them pieces of green paper with pictures of dead people on them. They gave us stuff for those pieces of paper. Now, they have to give us those pieces of paper back so we give them stuff for them..............
Not saying it doesn’t make sense and it wasn’t inevitable. just that it’s insane to spin it as a good thing.
That’s true, BUT, the pace at which the dollar is loosing its value, we are going to be paying 30% more for imported goods electronics, clothing, toys, tools, furniture, small appliances, etc. And basic food stuffs and energy, is going through the roof. Then, in order to prevent further dumping of the, the Feds are left with no choice but to raise the rate at least 2.5% quickly. It was cut in order to help the big banks etc., minimize looses as they had to reposition and complete assessments of total impact to heir books.
But we don't actually export much anymore. Everyone I know just sits at a desk and talks on a phone or types on a computer for work. Does anyone actually make anything in America anymore? We import just about everything we use and every time the dollar sinks those goods get more expensive. Plus, it really sucks to pay so much for hotels and everything else on vacation. Paris used to be a nice getaway now and then, but, jeez, it's expensive now.
Is a currency at a 26-year high a “BUY”?
Try Paris, Texas instead. ......or Paris Hilton, just so long as it’s in the USA.............
It seems to me that selling dollars and buying euros, right now, is a suckers bet.
I don’t know - if unhealthy Chinese crap gets more expensive, it won’t bother me.
Other imported goods are different however - the price of wood from Canada is going thru the roof.
$CA is .92 against the $US. Freefall. Look out below. My Canadian goldmine should increase its dividend.
Sure we do.
Exports are up this year, too.
The Swiss Franc was approaching $0.34.
That’s not worth the loss of international confidence in our currency.
“Other imported goods are different however - the price of wood from Canada is going thru the roof.”
How come? The U.S. Dollar?
WE just get softwoods and plywood from them, don;t we?
They didn't in the past. The are letting their currency float to a greater degree now, and it is gaining value against the dollar.
I am really jonesing for a trip to London but it will be quite a while if this keeps up.
Unlikely. High taxes and onerous regulation is a key reason manufacturing went offshore. That problem persists and will only get worse as the green weenies trying to add carbon taxes to the mix.
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