Weak U.S. Dollar: Dollar vs Euro
- Thread starter PopCorn
- Start date
-Wolverine
Veteran X
Bad:
you wanna travel to Europe, your dollar is going to be worth shit there and it is going to cost you a boatload
Good:
Those stocks I bought on the LSE are now worth even more!!! (not directly, because LSE is in pounds, but those pounds follow the Euro to some extent.... best example I could come up with on short notice)
Fuckin A! woot
you wanna travel to Europe, your dollar is going to be worth shit there and it is going to cost you a boatload
Good:
Those stocks I bought on the LSE are now worth even more!!! (not directly, because LSE is in pounds, but those pounds follow the Euro to some extent.... best example I could come up with on short notice)
Fuckin A! woot
Question for Stone:
The UE failed to create a constitution, didn't they?
If they failed to create a constitution, do you have any ideas (other than that whole "faith" thing) as to why the Euro is gaining in value?
THx
The UE failed to create a constitution, didn't they?
If they failed to create a constitution, do you have any ideas (other than that whole "faith" thing) as to why the Euro is gaining in value?
THx
stone said:
That's kind of how I see it. People are acting as if this is a bad thing and I guess at some point it could be. But as long as it's kept in check, it looks like it could be a boost to the economy due to increased US exports.
"The Treasury Department said on Monday foreigners' net purchases of U.S. financial securities rose to $27.65 billion in October from $4.19 billion in September."
That looks pretty good to me. Thanks for the input.
rastex said:
Very interesting read. Thanks!
I think I actually might have learned something from TW today!
The US dollar weakening against the Euro is a pretty damn bad thing; for Americans anyway, but potentially the entire world as well. The increased amount of exports America would receive are minimal since so much manufacturing is now done outside of the US. Look at everything you own, how much of it says "Made in USA?" So now, if it costs more to make those goods in other places, you don't think it's gonna cost more to buy?
That's not even the big issue, the big issue is on the dollar hegemony. WIth the decline in value of the dollar countries will start to invest in other currencies (read: Euro) which will further weaken the dollar. No no, it's almost definitely a bad thing or will be, but could possibly be a VERY bad thing.
That's not even the big issue, the big issue is on the dollar hegemony. WIth the decline in value of the dollar countries will start to invest in other currencies (read: Euro) which will further weaken the dollar. No no, it's almost definitely a bad thing or will be, but could possibly be a VERY bad thing.
HelenKeller
Blind BitchXV
rastex said:
Archimedes
Veteran XV
I imagine we would have a little weaker of currency as compared to damn near an entire continent. 
HelenKeller
Blind BitchXV
canada is bigger than us, and then there's mexico...Chic0 said:
Archimedes
Veteran XV
Yeah... except for Canada, Mexico, and all of the central American countries. When you bind a bunch of countries economies together of course it is going to be a bit stronger than a single countries economy. Even if that single country is a super power.Chic0 said:
HelenKeller
Blind BitchXV
even if you don't count central america, the us is only like 45% the size of north americaChic0 said:I said damn near, not an entire continent
Canada = Big wilderness
Ahh people people, don't you know what this means? It means that the already giant debt of the country has grown by $27b in October instead of $4b in September. But wait, that's a GOOD thing? Because you know when you have that much extra money floating around it decreases even further the value of the dollar.