Anything good about falling dollar?

[fleabassist1]

Saw this in todays NYT paper while skimming the business section. What do you think? Can any good come out of our falling dollar?

http://www.nytimes.com/2007/10/10/bu...ef=todayspaper

Analysts see little mystery in the American position: at the moment, a weaker dollar offers more benefits than a stronger one. The cheaper dollar offers a lift to American exporters by making their products competitive in many parts of the world. And while a weak dollar usually makes imports expensive, import prices have so far climbed less than other currencies’ values because foreign producers have kept prices low to preserve market share in the United States.

[fleabassist1]

Originally Posted by NEM

The only good that can come out of the "falling dollar" is that a lot of them fall at my feet where I can pick them up and put them in my pocket.

The total number of dollars grew 10% in the last year to $11 trillion. Happy hunting.

[mikey]

Originally Posted by fleabassist1

Saw this in todays NYT paper while skimming the business section. What do you think? Can any good come out of our falling dollar?
http://www.nytimes.com/2007/10/10/bu...ef=todayspaper

The only good thing is that it will hasten the George Bush's recession and push Hillary Clinton to be our next President.


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[fleabassist1]

Originally Posted by mikey

The only good thing is that it will hasten the George Bush's recession and push Hillary Clinton to be our next President.


.

No no no, I mean for the country - not for the illegals/terrorists.

[PressCoverage]

Originally Posted by fleabassist1

No no no, I mean for the country - not for the illegals/terrorists.

the dollar symbolizes everything...

i mean, what does this nation produce anymore besides missiles, bad television, and porn? we're failing in almost every area, from education to health care, to automobiles to technology... heck, we can't even win international basketball tournaments anymore...

to some people who have cashed in on downsizing, outsourcing and consolidations, everything is just fine... to most others, we need a serious make-over...

[Patters]

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.)

[fleabassist1]

Originally Posted by PressCoverage

the dollar symbolizes everything...

i mean, what does this nation produce anymore besides missiles, bad television, and porn? we're failing in almost every area, from education to health care, to automobiles to technology... heck, we can't even win international basketball tournaments anymore...

to some people who have cashed in on downsizing, outsourcing and consolidations, everything is just fine... to most others, we need a serious make-over...

We are developing and producing several technologies computer wise - see Apple Computers. Not to mention solar cells, coal, gas, video games, and a hell lot of marijuana. Speaking of plants and agriculture, we also produce corn, soybeans, hay, wheat, etc. There are still a lot of great things this nation has going for them.

Originally Posted by Patters

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.)

So losing power as a country is a good thing? I disagree with that.

[QuiGon]

Originally Posted by mikey

The only good thing is that it will hasten the George Bush's recession and push Hillary Clinton to be our next President.


.

They've been saying this for about 4 years now...

[Patters]

Originally Posted by fleabassist1

So losing power as a country is a good thing? I disagree with that.

I was being a little bit facetious. I do think one of the good things about globalization (though not corporate-directed globalization) is that it makes countries more interdependent, but at the same time I think the weak dollar is making it progress in an uncontrolled way.

[BelichickFan]

Originally Posted by mikey

The only good thing is that it will hasten the George Bush's recession and push Hillary Clinton to be our next President.

Originally Posted by QuiGon

They've been saying this for about 4 years now...

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.