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  #11  
Old 10-11-2007, 11:08 AM
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Default Re: Anything good about falling dollar?

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Originally Posted by Patters View Post
There's actually another good thing about the falling dollar. Because it's cheap to invest in our nation, more and more foreigners and foreign governments are buying in, owning a larger share of our economy. We are becoming a truly global nation, with our economy heavily tied to foreign countries between our debt and investments. As a nation dependent on the world economy, we are becoming less powerful and thus less dangerous.

(That said, I love to travel, and now even Canada isn't a bargain.)
Go to the Dominican, or Central and South America. I'm planning on heading to the DR in May.
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  #12  
Old 10-11-2007, 11:10 AM
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Default Re: Anything good about falling dollar?

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Originally Posted by BelichickFan View Post
LOL, even Mr. Gloomy (Greenspan) is reluctantly admitting that the recession he's been calling for isn't in the cards. That's OK, though, if the media keeps talking about it the people will believe it. I think it was Kudlow & Co. last night on which they said a poll had 20-30% of people thinking we are in a recession.

The problem is - there's an exact definition for a recession and we aren't even close.
Well, if the real estate market continues to plunge on it's current course, it could adversely affect the economy in a hurry.
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  #13  
Old 10-11-2007, 11:37 AM
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Default Re: Anything good about falling dollar?

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Well, if the real estate market continues to plunge on it's current course, it could adversely affect the economy in a hurry.
It's an unlikely scenario that things will bottom out. Interest rates have been dropping and will likely drop again which helps boost prices. The mortgage thing hasn't worked it's way through the system completely yet but the fed has shown it'll do what it needs to. With good interest rates, the worst likely scenario is people who should never have owned homes in the first place renting an apartment instead. It may hurt at the micro level but for the macro economy I think it's no more than a minor annoyance.
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