US Dollar reached record low on Wed Jully 11
2007-07-13 11:42:09 · 17 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
July - (above)
2007-07-13 11:43:54 · update #1
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bostonianinmo (below) Funny, every other economist suggest that the deficit is playing a huge role in the devaluing of the dollar.
Nice to see that you know something that we all don't. If you do not see the correlation great for you. Just as Reagan's deficit bled the have nots dry, so it may also go for Bush's deficit. Enjoy
2007-07-14 17:44:09 · update #2
Not until China starts investing in another currency. We will really have to worry if the Chinese start investing in European bonds over American bonds. Otherwise, the economy is not bad. The market is doing extremely well and housing looks to be at least stabilizing. Employment numbers are decent(except in heavy unionized states). The cost of milk and gas shows that transportation costs might be a problem but the effect has not been felt yet.
Look at it this way, the more the dollar depreciates, the more likely it is we can finally give protectionists what they blindly want: more american manufacturing jobs. Err
2007-07-13 11:48:14 · answer #1 · answered by witheringdreams 1 · 1⤊ 0⤋
The blame is not entirely left to the neo-cons, the liberals have been voting almost the same when it comes to economic matters as the neo-cons. Both get payed by the same lobbyists.
There are a few good things with the dollar getting lower. Means more Europeans will travel and shop here since our products will now be cheaper and its possible some jobs will be brought back here.
2007-07-13 11:49:04 · answer #2 · answered by ST 4 · 2⤊ 0⤋
The recession starts when the conflict ends and the profits from the conflict stop propping up the economy. The next President will look just like Carter did trying to wrestle the aftereffects of Vietnam.
2007-07-13 12:08:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The DOW and NASDAQ do not advise something whilst they are up as a results of fact the companies are making checklist revenue as a results of outsourcing American jobs and much cheap chinese language imports! what share difficulty-free human beings are sharing in this wealth on the cost of the yankee worker? not many! yet way too usually, the peons so choose to % out with the the Aristocracy that they stay in consistent fantasy!
2016-10-21 04:41:06 · answer #4 · answered by prebor 4 · 0⤊ 0⤋
No.
No Recession until the Democrats take over and destroy the economy.
This is the Greatest Economy in the History of the Nation.
Democrats are even getting bigger Welfare checks.
2007-07-13 11:48:26 · answer #5 · answered by wolf 6 · 0⤊ 0⤋
It's mainly due to Eurpoean interest rates. They are MUCH higher over then than here in the US. The deficit has DAMN little to do with it!
Please take an Economics 101 course, OK??
2007-07-13 12:14:51 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Europe isn't as important a trading partner as it used to be, but a recession is all but inevitable - the business cycle won't be denied - it's just exactly when that's hard to say.
2007-07-13 11:47:46 · answer #7 · answered by B.Kevorkian 7 · 1⤊ 0⤋
A recession will be good for the economy! More tax cuts for the upper 1% is the only solution!
2007-07-13 11:44:15 · answer #8 · answered by Anonymous · 3⤊ 2⤋
On the contrary. It makes our goods cheaper to export to Europe, thus it should help out economy.
2007-07-13 11:57:52 · answer #9 · answered by Uncle Pennybags 7 · 2⤊ 0⤋
don't forget the stock market is at a record high, now if us middle class americans could only afford to invest in it.
2007-07-13 11:44:25 · answer #10 · answered by crushinator01 5 · 3⤊ 1⤋