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05-02-2008, 07:40 PM
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#1 |
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Senior Member
Join Date: Aug 2005
Posts: 4,016
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3 years -what a difference!
My parents have come to visit, as they do almost once a year, traveling from Utah to Canada. Three years ago when they came to visit I took my father to the bank to exchange a $100 bill and he received $120 Canadian in return.
Today I took him to the bank to exchange a $100 bill and he received $99 Canadian in return. The greenback doesn't buy very much these days does it. |
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05-02-2008, 07:46 PM
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#2 |
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I must not tell lies
Join Date: Aug 2005
Posts: 5,103
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Last summer when I withdrew 200 euros from an ATM in Holland, my bank statement showed a $267 withdrawal.
Presently the same is a $315 withdrawal. |
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05-02-2008, 07:48 PM
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#3 |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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this weak dollar rewards businesses that export, by making their good cheaper overseas, while at the same time increasing the cost of imported good in the USA.
Good for a few Americans, bad for most. Should it really surprise anyone that the admin's fiscal policy favors big business, while hurting average Joes? |
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05-02-2008, 07:54 PM
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#4 | |
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Senior Member
Join Date: Jan 2006
Location: Memphis freakin' Tennessee!!!!!
Posts: 4,530
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Quote:
It is bad for people travelling overseas or to Canada. Bad for a few, good for most.
__________________
Give 'em Hell, Cougars!!! Religion rises inevitably from our apprehension of our own death. To give meaning to meaninglessness is the endless quest of all religion. When death becomes the center of our consciousness, then religion authentically begins. Of all religions that I know, the one that most vehemently and persuasively defies and denies the reality of death is the original Mormonism of the Prophet, Seer and Revelator, Joseph Smith. |
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05-02-2008, 07:59 PM
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#5 | |
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Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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Quote:
__________________
太初有道 |
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05-02-2008, 08:28 PM
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#6 |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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so you are saying that a very weak dollar is good for the average joe?
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05-02-2008, 08:39 PM
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#7 | |
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Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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Quote:
__________________
太初有道 |
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05-02-2008, 08:52 PM
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#8 |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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I'm not talking about maybes. I'm talking about now.
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05-02-2008, 09:15 PM
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#9 | |
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Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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Quote:
http://www.marginalrevolution.com/ma...and-inequ.html Cheaper goods only offset 1/3 of the impact of trade on wages (for the poor). So a weaker dollar would bet a net benefit to the poor.
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太初有道 |
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05-02-2008, 09:19 PM
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#10 |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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LOL, is that a study or a blog post?
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