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Old 12-22-2007, 05:44 PM
 
69,368 posts, read 63,929,437 times
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Quote:
Originally Posted by Reload View Post
This is good news and it proves that the weakened dollar isn't necessarily just a bad thing.

I'd imagine that it'll be good for exports and tourism too.
My exports have jumped substantially..
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Old 12-22-2007, 05:44 PM
 
42 posts, read 24,235 times
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Quote:
Originally Posted by NewToCA View Post
Yep, I have been stating for the past few months that the declining $ isn't the disaster many are assuming it to be. Over the long term, it makes the US more competitive.
If a global recession is inevitable, a weak dollar could help the US in that sense. We would find it easier to export as American goods would be cheaper than say, French goods.
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Old 12-22-2007, 05:50 PM
 
Location: Marshall-Shadeland, Pittsburgh, PA
32,606 posts, read 77,374,263 times
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Quote:
Originally Posted by ontheroad View Post
This is good news. I've always been fond of BMWs. Haven't had one in years, but I am nearly ready for a new car.
You'd look quite flashy with a nice new Beemer cruising the main drag in Narrowsburg or Hawley.
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Old 12-22-2007, 07:00 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,695,446 times
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Everything has good and bad. The decline is good in that it will make our exports cheaper and bring in tourist. But the bad is that it will also cause some degree of inflation in our economy unless the Fed tightens the cash supply. We just don't know how much because this is uncharted territory and the usual rules don't apply.
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Old 12-22-2007, 07:30 PM
 
69,368 posts, read 63,929,437 times
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WARNING: WARNING: (this is my disclamer).. wild conspiracy theory moment and question time...

Imagine if the government created a weak dollar on purpose, so they could buy back debt cheaper? (we're talking TRILLIONS here, a small change is a huge savings).
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Old 12-22-2007, 09:39 PM
 
9,725 posts, read 15,129,090 times
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If you buy a BMW that is made here, that is great because they will employ workers in this country... But won't the profits go back to Germany?

And where will the components for the car be manufactured? Will we just be doing assembly?
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Old 12-22-2007, 10:25 PM
 
Location: Arizona
5,408 posts, read 7,779,474 times
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Most foreign car dealers just do the assembly here. Cheaper labor.
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Old 12-23-2007, 01:10 AM
 
20,250 posts, read 19,821,292 times
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Quote:
Originally Posted by bily4 View Post
Most foreign car dealers just do the assembly here. Cheaper labor.
I would have never guessed that to be true. I alway assumed it was done to placate the US when we make threats of protectionism against those countries that make it hard for US companies to enter their markets.

Interesting.
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Old 12-23-2007, 09:43 AM
 
Location: Cold Frozen North
1,928 posts, read 5,154,535 times
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I still prefer that American companies owned by Americans do the manufacturing and assembling of the products. That way, the profits stay in our country instead of going somewhere else.
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Old 12-23-2007, 10:17 AM
 
1,530 posts, read 3,781,573 times
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The last BMW I bought was "manufactured" in Germany but "assembled" in Pretoria, South Africa. Suffice to say, though it will lose thousands, It's going to be sold at first opportunity. Better a USA-MW than an SA-MW, any day of the week. I didn't realize they were doing this with 3-Series when I bought it, but afterwards when I decided to run the VIN.

But both are BS. When I purchase something labeled BMW, or Toyota, or GM, etc. I want it built in the country and factory where the workers are commited to that brand.

As it is I got suckered and payed a BMW price for a SA-MW. You can bet I'm upset with the representatives that let this happen via the African Economic Growth and Recovery Act.

FWIW, Mercedes is doing the same with the C-Class and I've heard Hummer H3's will be doing the same.

Vote against this practise with your wallet, Don't buy any BMW's Mercedes, or Hummers until they stop this practise.
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