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Dollar cheap and going to lose 30% more
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Addicted to MacNN
Join Date: Apr 2001
Location: europe
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The Dollar is now as cheap as never before. While this is nice for buying Apple stuff, it also has the disadvantage that I'm getting less and less every time I exchange Dollar into Euro.
And now I read here
http://www.spiegel.de/wirtschaft/0,1518,275948,00.html
that the Dollar is going to lose even 30% more! 
Why is that?
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Nasrudin sat on a river bank when someone shouted to him from the opposite side: "Hey! how do I get across?" "You are across!" Nasrudin shouted back.
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Posting Junkie
Join Date: Mar 2002
Location: Alexandria, VA
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I'm not an economist, but I wouldn't trust anyone who claims to be able to predict a 30% rise or fall in anything.
Besides, a lot of people seem to confuse the strength of a currency with their dick size. It's not usually good to have an overly strong currency. It's better for exports, and thus jobs and growth to have a lower currency value than a higher one. That's why, for example, China keeps the Yuan pegged low.
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Addicted to MacNN
Join Date: Apr 2001
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Originally posted by SimeyTheLimey:
I'm not an economist, but I wouldn't trust anyone who claims to be able to predict a 30% rise or fall in anything.
I don't trust any prediction either, but the Dollar lost 15% this year alone. And that is a difference I noticed. If it would lose 30% more that would suck.
Besides, a lot of people seem to confuse the strength of a currency with their dick size.
If you're talking about me, I think you completely misunderstood my post.
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Nasrudin sat on a river bank when someone shouted to him from the opposite side: "Hey! how do I get across?" "You are across!" Nasrudin shouted back.
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Posting Junkie
Join Date: Mar 2002
Location: Alexandria, VA
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Originally posted by Developer:
If you're talking about me, I think you completely misunderstood my post.
No, no, not you. Just a general comment. I remember growing up in the UK in the 1970s that people would wail and gnash their teeth every time the Pound was devalued. They thought it was some kind of a symbol of decline. Actually, an overvalued currency is a really bad thing to have.
These currency rates today are floating. Interest rates are at near-historic lows here in the US. My uneducated guess is that is the reason for the Dollar's value. But I'd rather have that and 8.2% growth and falling unemployment to a high Dollar even if it does make parts on my Merc expensive.
(Last edited by SimeyTheLimey; Nov 28, 2003 at 02:14 PM.
)
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Professional Poster
Join Date: Mar 2001
Location: Gosport
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Originally posted by SimeyTheLimey:
...even if it does make parts on my Merc expensive.
Well get a Geo then.
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Chris. T.
"... in 6 months if WMD are found, I hope all clear-thinking people who opposed the war will say "You're right, we were wrong -- good job". Similarly, if after 6 months no WMD are found, people who supported the war should say the same thing -- and move to impeach Mr. Bush." - moki, 04/16/03
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Posting Junkie
Join Date: Mar 2002
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Originally posted by christ:
Well get a Geo then.
Wash your mouth out with soap!
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Addicted to MacNN
Join Date: Aug 2000
Location: Retired
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Originally posted by SimeyTheLimey:
Wash your mouth out with soap!
Ya, with the lava soap they use in garage's, nasssssssssty! 
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Power Macintosh Dual G4
SGI Indigo2 6.5.21f
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