You might want to actually look at the numbers before just assuming they're bad.

Subby's ignorance of the facts notwithstanding, it is always funny that no matter which direction the dollar's relative value moves the media spins it as a bad thing.

7of7: Subby's ignorance of the facts notwithstanding, it is always funny that no matter which direction the dollar's relative value moves the media spins it as a bad thing.

They are sorta correct.

Weak dollar: bad for trade/economy, sign of a strong economy
Strong dollar: good for trade/economy, sign of a weak economy

The latter is better than the former in my opinion.

mrshowrules: 7of7: Subby's ignorance of the facts notwithstanding, it is always funny that no matter which direction the dollar's relative value moves the media spins it as a bad thing.

They are sorta correct.

Strong dollar: bad for trade/economy, sign of a strong economy
Weak dollar: good for trade/economy, sign of a weak economy

The latter is better than the former in my opinion.

FTFE

mrshowrules: They are sorta correct.

Weak dollar: bad for trade/economy, sign of a strong economy
Strong dollar: good for trade/economy, sign of a weak economy

The latter is better than the former in my opinion.

Why is a weak economy better than a strong economy?

hillbillypharmacist: You might want to actually look at the numbers before just assuming they're bad.

Goddamn liberal facts.

GAT_00: Why is a weak economy better than a strong economy?

Weak dollar=more exports, which is important during a recession. I don't think it causes a weak economy, but when there is a weak economy, a weak dollar would help more than a strong one. Economics is retarded.

GAT_00: mrshowrules: They are sorta correct.

Weak dollar: bad for trade/economy, sign of a strong economy
Strong dollar: good for trade/economy, sign of a weak economy

The latter is better than the former in my opinion.

Why is a weak economy better than a strong economy?


I complete screwed up that post. A strong dollar is better IMHO even though it is bad for trade.

PC LOAD LETTER: GAT_00: Why is a weak economy better than a strong economy?

Weak dollar=more exports, which is important during a recession. I don't think it causes a weak economy, but when there is a weak economy, a weak dollar would help more than a strong one. Economics is retarded.

I'd say politicians that conflate economic systems with political systems (as if capitalism is a form of government) are the real retards here.

LarryDan43: LasersHurt: I guess the dollar is plummeting like Obama's ratings.

Worst dollar ever.

This "dollar" is a dangerous failure

Not my dollar

Dollarin' while black

Muslim Kenyan Dollar Usurper!

LarryDan43: Im taking my dollar back.

Where
CertIFCT of DPOSit
Whe

SixPaperJoint: LarryDan43: LasersHurt: I guess the dollar is plummeting like Obama's ratings.

Worst dollar ever.

WTF is this dollars problem?

Impeach this Socialist Dollar. The Spanish name is obviously a wink to Communist Cuba by the 5th column Liberals.

MugzyBrown: PC LOAD LETTER: Weak dollar=more exports, which is important during a recession make exporters money, but screws everybody else

Depends on the markups and exporting fees, but you do have a point (with limits). I am just repeating the theory. I didn't say I actually believe it.

Arkanaut: mrshowrules: mrshowrules: 7of7: Subby's ignorance of the facts notwithstanding, it is always funny that no matter which direction the dollar's relative value moves the media spins it as a bad thing.

They are sorta correct.

Strong dollar: bad for trade/economy, sign of a strong economy
Weak dollar: good for trade/economy, sign of a weak economy

The latter is better than the former in my opinion.

FTFE

There's kind of an equilibrating effect -- if the dollar is weak, then we export more, then our economy grows, then more foreign investors invest, then the dollar gets stronger. But as the dollar gets stronger, we export less, and the economy slows.

And of course, in a time of economic hardship like we're in now, deliberately weakening the dollar could trigger a monetary arms race, so a "weak dollar" isn't really a long-term strategy to pursue.

This is what it meant for Canada. When are economy tanked (see 1980's) and are dollar dropped to like 63 cents, at least if was helpful for trade. Today, it is at about parity so sucks for trade but not so bad that it is tanking the economy and if it did the dollar would drop an so forth and so on. A strong dollar acts as an economic buffer/reserve (beaver pelt fur coat in our case).

However, the US has a somewhat different problem. Oil is traded in the US dollar and if your dollar tanks too badly, that could change. Oil prices are based on speculation. If oil is traded on another currency, it would have a multiplier effect on the speculation which would give the US even less control over this market

/excuse my GED in economics

BSABSVR: Thanks a lot, Fartdollar.

BSABSVR: Thanks a lot, Fartdollar.


BSABSVR: Thanks a lot, Fartdollar.


BSABSVR: Thanks a lot, Fartdollar.

PC LOAD LETTER: GAT_00: Why is a weak economy better than a strong economy?

Weak dollar=more exports, which is important during a recession. I don't think it causes a weak economy, but when there is a weak economy, a weak dollar would help more than a strong one. Economics is retarded.

It looks like the Fed wants the dollar devalued, mostly for export reasons like you say, but also to stick it to China. At least that's the effect, since China can only peg its currency below the dollar if the dollar is relatively strong. I think what's been happening is that they're concerned about double digit inflation, and have let the Yuan float a little. We don't have that problem because our economy is in no danger of overheating. The Euro though? Its screwed and might not even be a currency anymore (though its unlikely), so its not so easy comparing the euro and dollar.

struct: It looks like the Fed wants the dollar devalued, mostly for export reasons like you say, but also to stick it to China. At least that's the effect, since China can only peg its currency below the dollar if the dollar is relatively strong. I think what's been happening is that they're concerned about double digit inflation, and have let the Yuan float a little. We don't have that problem because our economy is in no danger of overheating. The Euro though? Its screwed and might not even be a currency anymore (though its unlikely), so its not so easy comparing the euro and dollar.

I have no proof of this, it's just an unfounded opinion, but I think we've got a decent handle on things here in America now. The contagion hit us first and we took a hell of a blow and there's still a lot of cleanup left to do, but it could have been a lot worse. The Europeans wagged their fingers at us at first but now the contagion is mostly in their sphere and they're system is no more set up to deal with it than ours was. I suspect the Chinese are going to get their own taste of it in the next 2-3 years just like the Japanese did. It's going to take a while for everything to sort itself out, but we may be ahead of the curve since we were hit first.

Mentat: struct: It looks like the Fed wants the dollar devalued, mostly for export reasons like you say, but also to stick it to China. At least that's the effect, since China can only peg its currency below the dollar if the dollar is relatively strong. I think what's been happening is that they're concerned about double digit inflation, and have let the Yuan float a little. We don't have that problem because our economy is in no danger of overheating. The Euro though? Its screwed and might not even be a currency anymore (though its unlikely), so its not so easy comparing the euro and dollar.

I have no proof of this, it's just an unfounded opinion, but I think we've got a decent handle on things here in America now. The contagion hit us first and we took a hell of a blow and there's still a lot of cleanup left to do, but it could have been a lot worse. The Europeans wagged their fingers at us at first but now the contagion is mostly in their sphere and they're system is no more set up to deal with it than ours was. I suspect the Chinese are going to get their own taste of it in the next 2-3 years just like the Japanese did. It's going to take a while for everything to sort itself out, but we may be ahead of the curve since we were hit first.

I agree, things will start looking up while other places struggle. The key is, if we could ever get our idiot politicians to fix things like income inequality, long-term finances, and innovation competitiveness then things will be good.