Quote:
|
Originally Posted by alansmithee
Actually, the lowering of the dollar isn't as big a problem for the US as it is for the rest of the world, at least as far as trade is concerned. It makes US products cheaper in comparison to the rest of the world's, which other countries have problems with. This can also be seen in China, which has been accused of artificially lowering their currency's value to stimulate trade.
|
Yeah, that would be super if we didn't import much more than we export. Alan, do you really think through your answers or do you just figure supporting Bush on everything is the way to go? Seriously.
The falling dollar value has become a favorite excuse for manufacturers who are closing down operations here in the U.S. and moving to other countries for cheaper labor and raw goods. It can be considered instant inflation, smothers trade, and forces interest rates up dramatically. It is a much bigger problem for us than the rest of the world.