BBC: Dollar Weakens

[jannyk]

http://news.bbc.co.uk/2/hi/business/6179552.stm

"The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy.
The euro surged to $1.30 against the dollar, with many other currencies following suit."

"Analysts have voiced concerns about the US economy after the White House downgraded its growth forecasts amid a sharp slowdown in the housing market."

[Deja Q]

1. What can Bush do? What can our corporate leaders do?

Tax cuts can only go so far.

[xchrom]

2. it's not just the housing market.

it's the ever rising debt, severe job competition because our corporate leaders want ever cheaper labour, lack of investment in newer thechnologies like renewable energy and high speed internet, etc.

these make a possible very bad storm -- and more.

so we'll see -- i think a bumpy ride is ahead for two years more.

[Turbineguy]

3. Well....

if the economy tanks we can always blame the Democrats and vote Republicans back into Congress.

On edit: Oh, Sorry, :sarcasm:

[dipsydoodle]

4. Comparison against the £ is as follows.

When I first started buying banjos on ebay from your side in Feb. 2002 exchange rate was
$ 1.42 : £ 1. Just checked and today it's $ 1.93 : £ 1. They had predicted a couple of months back it would cross $ 2 : £ 1.

[Commie Pinko Dirtbag]

8. Curious: is there ANY currency in the world whose unit values higher than £ 1? -nt

[dipsydoodle]

10. Don't think so

but then I don't think it's a significant issue anyway - just an historic thing. Would be different if we were talking about gold ! I'm guessing it's reaching parity with the euro which would most concern your maladministration assuming they are infact taking any notice.

[Commie Pinko Dirtbag]

14. "Yours" who, paleface?

Check my profile. ;)

[dipsydoodle]

17. Whoops !

Point taken:toast:

[AlamoDemoc]

5. watch China Rises...an excellent docu/educ if you have investmen on T

[Preening Fop]

6. International Oil Contracts Written in Euros - Dump the us dollar...!

:yoiks:

[Commie Pinko Dirtbag]

7. And once again we get close to the Euro of the Beast (€ 500 bill = US$ 666)

All the € has to do is reach 1.332 against the US$.

[SpiralHawk]

9. The Beast !!!!!!!!!!!

You rang?

[AngryAmish]

11. For the eleventythousandth time, this is good news for the US

Our goods cheaper over there (exports) and their goods more expensive here. This is good for US manufacturing and professional services.

[dipsydoodle]

13. What you say is perfectly true

but just try convincing the average consumer of that.

[1932]

15. Actually, it will probably stoke inflation since we buy so much from abroad

and don't make all that much here.

I also doubt that it will encourage a lot of manufacturing here since we'd have to become a banana republic before we can compete with the countries all our manufacturing left for, and that's not good.

[demobrit]

12. As the Dollar falls against the UK Pound

Goods in the US become cheaper and that is great for us tourists to your country.

[Viva_La_Revolution]

16. Great. Now the paycheck I got today that was already short hours

is worth even less.

:cry:


******************
BOOK TV Schedule - November 23rd - 27th
*Michael Shermer, Why Darwin Matters: The Case Against Intelligent Design
*David Ray Griffin, Peter Dale Scott, Peter Phillips, Kevin Ryan, Ray McGovern 9/11 and American Empire: Intellectuals Speak Out
*Greg Grandin, Empire's Workshop: Latin America, the United States, and the Rise of the New Imperialism
*Craig Nelson, Thomas Paine: Enlightenment, Revolution, and the Birth of Modern Nations

4 days of programming!
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2793119
*********************