The U.S dollar now is worth about $.40 to the Euro.
2007-11-05 15:08:13 · 8 answers · asked by Anonymous in Social Science ➔ Economics
it is the tip of the iceberg and the uss titantic is dead on and the crew is asleep at the wheel. that is what i think. that is just one of many economic indicators. if you are studying economics, you know that. god bless the queen and locate the nearest life boat pal.
2007-11-05 15:22:16 · answer #1 · answered by JIM 4 · 0⤊ 0⤋
well, we will feel the affect throught the declining American dollar value or our other option would be to stop competing in the international market... which would bring higher prices for all in the US.... which would be completely disastrous. even though it may not look good now, this situation is better than the alternative.
2007-11-05 23:20:19 · answer #2 · answered by angielee 3 · 0⤊ 0⤋
It's a double-edged sword. It is extremely expensive to travel to Europe right now. However, it is helping us alleviate the trade deficit and boost tourism from otherr countries.
2007-11-05 23:12:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋
brrraaaccceee yourselves for something worse. this can last about 1 to 2 more years. subprime has touched down and it aint over yet, coming soon is credit card crunch.
2007-11-06 05:23:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think that's not too bad for me right now considering somebody owes me quite a bit of Canadian money.
2007-11-05 23:11:21 · answer #5 · answered by Ambivalence 6 · 0⤊ 0⤋
thats what bush and the fed wanted, to boost sales of American goods overseas.
2007-11-05 23:12:59 · answer #6 · answered by redd headd 7 · 0⤊ 0⤋
This is not good!!! Hopefully we wont hit any deflation!
2007-11-05 23:16:18 · answer #7 · answered by m r 1 · 0⤊ 0⤋
great for exports
2007-11-05 23:10:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋