Dollar vs. Euro...........

[gonelifting]

" 5. The assholes in DC are keeping the dollar weak to encourage exports increasing companies sales to international markets (this is contradictory to our so-called "strong dollar policy")"

This was my argument a while back... and 2Thick trounced on me for saying it. Where you you then to back me up bro. lol It`s all about the market now.

 

[out_at_sea]

Maybe Atlantabiolab who seems a smart fella have some thoughts regarding this topic.....

Last I heard the dollar is being kept lower than Euro _ on purpose _to increase US export.....

 

[the nature boy]

Maybe Atlantabiolab who seems a smart fella have some thoughts regarding this topic.....

Last I heard the dollar is being kept lower than Euro to increase US export.....

that may be true. But I'm pretty sure we import more than we export, so this wouldn't make sense. The dollar is low because we are printing more and more money.

 

[anthrax]

The dollar is low because we are printing more and more money.

No

A low dollar against euro =

More exportations
Less importations
=> good for the US economy
=> good for US jobs

 

[the nature boy]

No

A low dollar against euro =

More exportations
Less importations
=> good for the US economy
=> good for US jobs

I was merely explaining why the dollar was low, not the costs/benefits of the the low dollar vs the euro.

I would like to add to your point, while maybe it's good to have a weak dollar for US exports, we IMPORT than we export. Meaning we have to pay MORE for exports, like cars, TV's, clothes, etc.

and to whoever said the dollar was strong vs the euro, the Economist said that is NOT the case.

http://economist.com/finance/displayStory.cfm?story_id=2459841

 

[anthrax]

We should take into account the very low US interest rates

 

[out_at_sea]

I was merely explaining why the dollar was low, not the costs/benefits of the the low dollar vs the euro.

I would like to add to your point, while maybe it's good to have a weak dollar for US exports, we IMPORT than we export. Meaning we have to pay MORE for exports, like cars, TV's, clothes, etc.

and to whoever said the dollar was strong vs the euro, the Economist said that is NOT the case.

http://economist.com/finance/displayStory.cfm?story_id=2459841

Just read thru your link......and this caught my atention:"But it came to an end in 1971, when inflationary pressures in America caused the country's manufacturers to become uncompetitive and forced the country off the gold standard. Since then the world has relied on “fiat money”, so-called because it is created by government fiat and is backed only by the promises of central bankers to protect the value of their currencies. It is the value of those promises that some are now questioning. "

So no longer the mighy dollar is being backed up by gold?

I wonder if other countries' currency is still being backed up by gold.....

Any finance people with some insight?

 

[Robert Jan]

bit simplistic thinking here.

logically its cuz euro bills come in all pretty colours, and dollars are all green

 

[Apöllo]

Any of you guys ever see Die Hard with A Vengence? That movie had a lot of gold in it.

Anyways, the dollar is low to help exports plain and simple. They're letting it "naturally" fall. Now if only China, Japan, and India would "naturally" let their shit raise up!

 

[collegiateLifter]

can you post that link? the dollar is getting weaker due to increased deficit spending and increased national debt.

actually the real article you want comes from the Feb 7 edition of the magazine called "Let the Dollar Drop" but that is 'premium content' so you'd have to pay for it or go through an university to legitimately access it.