Quote:
Originally Posted by Lenny2
This is true.
As long as your assets and liabilities are in the same currency then the fluctuations don't matter....so long as inflation at home is tame.
This only hurts the people who have to convert their money when they do business.
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Even the biggest crock Greenspan, who caused whole situation by lowering interest rates to 1%, was against rate cut, exactly because of : "inflation and recession" .
Average Joe is the one who will pay the rate cut hardly, thats for sure.