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for those who dont understand the basics of macro economics yet have an opinion anyway (i.e. "Bush is an asshole, so please accept my safe, yet meaningless remark")
a "strong dollar" does not mean all is perfect in the world. a "weak dollar" does not mean everything is going to hell either. not too long ago, we were in a recession and a weak dollar was instrumental in pulling through it and getting back on track
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Strengthening Dollar
Advantages
* Consumer sees lower prices on foreign products/services.
* Lower prices on foreign products/services help keep inflation low.
* U.S. consumers benefit when they travel to foreign countries.
* U.S. investors can purchase foreign stocks/bonds at "lower" prices.
Disadvantages
* U.S. firms find it harder to compete in foreign markets.
* U.S. firms must compete with lower priced foreign goods.
* Foreign tourists find it more expensive to visit U.S.
* More difficult for foreign investors to provide capital to U.S. in times of heavy U.S. borrowing.
Weakening Dollar
Advantages
* U.S. firms find it easier to sell goods in foreign markets.
* U.S. firms find less competitive pressure to keep prices low.
* More foreign tourists can afford to visit the U.S.
* U.S. capital markets become more attractive to foreign investors.
Disadvantages
* Consumers face higher prices on foreign products/services.
* Higher prices on foreign products contribute to higher cost-of-living.
* U.S. consumers find traveling abroad more costly.
* Harder for U.S. firms and investors to expand into foreign markets.
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