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Anything good about falling dollar?

Discussion in 'Political Discussion' started by fleabassist1, Oct 10, 2007.

  1. fleabassist1

    fleabassist1 Rookie

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    #12 Jersey

    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/business/worldbusiness/10dollar.html?ref=todayspaper

  2. fleabassist1

    fleabassist1 Rookie

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    #12 Jersey

    :singing: The total number of dollars grew 10% in the last year to $11 trillion. Happy hunting.
    Last edited: Oct 10, 2007
  3. mikey

    mikey Rookie

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  4. fleabassist1

    fleabassist1 Rookie

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    #12 Jersey

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

    PressCoverage Banned

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    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...
  6. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    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.)
  7. fleabassist1

    fleabassist1 Rookie

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    #12 Jersey

    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.

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

    QuiGon Banned

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    They've been saying this for about 4 years now... :rolleyes:
  9. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    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.
  10. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    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.
  11. Real World

    Real World Moderator Staff Member

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    Go to the Dominican, or Central and South America. I'm planning on heading to the DR in May.
  12. Real World

    Real World Moderator Staff Member

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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.
  13. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    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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