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11-20-2007, 11:59 AM
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Senior Member
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Join Date: Apr 2007
211 posts, read 223,337 times
Reputation: 96
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Quote:
Originally Posted by BucFan
HURRAY FOR WALMART!!! My favorite store in the USA. One stop shopping. Too bad I'm in Europe where everything is overpriced, especially the way the dollar is deteriorating worldwide. Walmart.com is outstanding, though.
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I'm not a financial expert, but if you're holding a lot of dollars you may want to convert that to Euros, or whatever the local currency of choice is. Hindsight is 20/20 so I know it's easy to say this now, but I really don't see the dollar turning around any time soon. Current U.S. policy doesn't seem too concerned at all with the value of the dollar. |
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11-20-2007, 12:30 PM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,369 posts, read 1,114,808 times
Reputation: 266
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Yeah, wished I converted back in 2001-2002 during the conversion to the Euro. Who would have known?
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11-20-2007, 12:57 PM
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Cry Me a River
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Join Date: Mar 2007
Location: Here
3,654 posts, read 1,787,662 times
Reputation: 1077
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Quote:
Originally Posted by Drzy
Current U.S. policy doesn't seem too concerned at all with the value of the dollar.
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So what do you mean by this?? Please elaborate.  |
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11-20-2007, 10:45 PM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,369 posts, read 1,114,808 times
Reputation: 266
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Doesn't a weak dollar allow the US to pay down foreign debt, make foreign imports more expensive (ie automobiles), and make domestic products more enticing for Americans. In other words, Americans would be more likely to buy Chrysler rather than Honda/Toyota. Also our exports to foreign nations would be more enticing. At least that's what I remember from Econ 101.
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11-20-2007, 11:40 PM
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If you're not the solution,you're the problem!!
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Join Date: Apr 2007
Location: San Antonio, TX
3,688 posts, read 2,116,581 times
Reputation: 1193
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The weakening dollar forces other countries that are holding US bonds, currency and securities to eventually dump them (due to no confidence). That rattles our stock market. If enough of this is done, it could possibly bring our economy to it's knees.
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