[hedgetrimmer]

Outsourcing? What outsourcing? All of the sudden it becomes cheaper to employ an American technician than one from Bangalore

Which means that Americans house and cost of living has to be lower than that of Bangalore. Which also means American universities must offer technical degrees to Americas for free, so americans don't have so much debt when they enter the workforce. Naw, its still cheaper to employ communist and socialist workers in foriegn countries.The federal politicians have really screwed American citizens, but they don't care. They've guaranteed profits on their overseas investments.

[Texas Songwriter]

It means all the crap imported to this country will cost more. We just spent the last 15 years exporting jobs, now that we have many, many fewer industries producing product here, we slam the dollar. That means that those things which we now must import cost much more. How many times have you heard that we are a service based economy. Well, we import just about everything that is found in Walmart. It is said that a Chevrolet has 80% of its component parts imported...the car prices just went up. Gold is closing in on 780 and will eclipse 1000 in 4-6 months.

We are about to lower interest rates 50 basis points next Wednesday,....that ought to set the dollar into a death spiral. It is said the dollar will be stopped at about .55 USDX. That means your savings which 15 months ago wouth 900 dollars will have a purchacing power of 550 dollars.

So much for the goodness of a weak dollar. We are shadow boxing now. When it hits, and it will, tell me a USDX of .55 is good. A loaf of bread will be $4.00. Gasoline will be $5.00. YOu see we will get to pay taxes on the large earnings of that $900 and what is left over you will get to buy $5.00 gasoline.

[DaGman]

You really don’t have a clue, do you?

[Paul Ross]

The dollar is the basis of our standard of living.

For it to fall directly implicates a lowered U.S. standard of living.

As one example, note oil prices:

It has a wide number of other deleterious hazards which needn't be enumerated here.

There are far, far better ways to promote greater export performance and domestic production vis-a-vis import consumption.

[Fledermaus]

Doesn’t hurt my gold holdings either!

[editor-surveyor]

A weak dollar equals a near total lack of mortgage lending funds.

[GregoryFul]

The lower $ means higher oil, gold, copper, iron, energy, food, service, etc., prices, and taxes on non-existent capital gains - duh? Your savings are stolen from you and you welcome it with a dumb “what’s it to me” look?

[John Leland 1789]

Falling dollars sure does hurt those of us who must labor abroad on U.S. Dollars, at least in the short term. The consolation we keep trying to imagine is that it should help stabilize prices here, as imports into China should be cheaper. We’ll see whether it does. Fat chance(!) that prices here would come down enough to compensate, but perhaps they won’t rise so quickly.

Actually, I don’t think the Chinese RMB can sink below the value of the Hong Kong Dollar, can it(?), because the HKD is pegged to the U.S. Dollar itself. The RMB and the HKD are at parity right now.

[woofie]

Ive found if you print your own money its a lot cheaper

[Oklahoma]

Getting back to your original post, No, the sky isn’t falling. In today’s world a currency’s value is determined by the market. Maybe it’s not a perfect market but it is a market none the less. The thing that astounds me is that we have so many so-called Conservatives that don’t really believe in free markets or individual freedom or liberty. They have no problem telling me when or where to buy my widget when it’s really none of their damn business.

[Joan Kerrey]

I wish I’d read this post earlier. I’ve already hung myself.