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While the dollar is most certainly lower, it amazes how many people think its already dead and gone. The dollar ain't exactly the peso. What people should do is focus more on American made goods (if you can of course)
The peso is doing quite well actually.. thanks to NAFTA, and the amount of dollars still going to Mexico..
When mexicans start to return to mexico, because their money is more valuable, I'll worry..
While greedy corps outsource their jobs to India, that conuntry's currency now is worth more than the USD. Thanks, GWB.
The greenback is still the world's most powerful currency. Two thirds of the total allocated foreign exchange reserves of countries have been in U.S. dollars over the past decade, making it somewhat easier for the United States to run higher trade deficits with greatly postponed economic impacts, that is unless countries who hold stockpiles of Us Dollars switch to say, the Euro. This is something that would have a huge consequence for the American economy.
GWB has mishandled the fiscal position of the US with enormous incompetence. Anyway, how do you figure that India has a more powerful currency than the US???
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Peso
