US DOLLAR keeps falling-good job George
 

Yep its fucking annoying! Losing more and more money as the weeks go by.

Holy shit, almost 1.27....it just wont stop.

The falling dollar is good!

:thumbsup

whats annoying is all these bloody news threads, its like CNN

it's not good for us Canadians either...I get paid in US....when I started in the biz, the dolllar was 1.5, and now the dollar is sitting at 1.24....I think it's even lower now...:)

You must be an economist! I agree with you though, Bush is the best thing that ever happened to, well, Canada. Keep this up for another 4 years and we'll have at least 2 NFL franchises. :glugglug

I know!:)
Good ole Bush!

Aw quit whinin'. You shoulda done like the rest of us who are up on the news and know the dilly.

Invested in the Euro.

We ain't losin' money.

Seems the US economy must be sucks right now...
I will not wonder, if some of the sponsors turn to Euro which is really strong right now!
Well may be is time the EURO to kick USD's ass:)

I agree, shit happends. It won't stop in the near future

What?

People that have no clue about economics (or the US economy when talking specifically about the US dollar) should refrain from posting in currency valuation threads.

I've posted this before, but will do it again...

The weak US dollar is beneficial to the US and the US economy right now for a shitload of reasons. If the dollar were to rebound in the near future, the current administration (and the next administration -- assuming a change) would do everything possible to keep it down -- even if that mean keeping it down artificially.

Get used to it.

It's not going to change anytime soon.


US sponsors will never turn soley to the euro.

If the majority of your customer base is American -- you just simply can't start charging EUROS. You would lose at least 3/4 of your business overnight.

Well non-American's are probably a majority of surfers. It would certainly make sense to look into billing these people in euros..

That's really good :thumbsup

:1orglaugh sooo true :thumbsup

Surfers mean jack shit -- buyers matter.

If you reread what I said, it was "US sponsors will never turn soley to the euro."

I went on to say... "If the majority of your customer base is American -- you just simply can't start charging EUROS."

It makes sense to look into anything that could make your business more profitable.

I also think it is a good idea to try to attempt to bill your customers in their native currency when possible. Offering EU surfers EURO billing options is a good thing.

I was responding to a post about sponsors changing their billing to EUROS, not a post about offering surfers different billing options.

Now is a good time to prepay for American hosting and other services. :Graucho

Companies like ccbill that have a Euro branch should offer their webmasters the choice of billing and payment in Euros -
Doesn't make sence them having a Euro branch working solely in dollars.

I agre - The dollar is artificially low to aid exports (Amongst many other things - Although they really need to hike up interest rates now, they certainly will not -

But for us Non Americans - There is at least one small bonus - Fewer Americans will holiday in Europe because of the costs!

I read what you said perfectly the first time. Why would I need to read it again. Nothing i said in my post disagreed with u... so GFY :glugglug

Cheers.

:glugglug

But some of us will still be coming to a European city near you!

:Graucho

Would you prefer Arnold on the bills?

http://www.gofuckyourself.com/showth...hreadid=210807

i predicted it....and nobody believed me.

uh most people in that thread seem to agree with u that the euro will get stronger..

Yeah whatever idiot... keep talking out of your ass... must be the Limbaugh influence...

http://biz.yahoo.com/ap/031223/na_fe...ression_2.html
http://www.mercopress.com/Detalle.asp?NUM=2728
Know anything about Bush strong dollar policy!? :eek7

Month old news source coupled with your inability to read.


:1orglaugh


That title and the rest of the article is based on this quote...

"My answer to that question about the dollar is that this government is for a strong dollar and that the dollar's value ought to be set by the market and by the conditions inherent in our respective economies, and our economy is very strong and is getting stronger"

Are you really that stupid?

No president is going to come out and say they are for a weak dollar! :1orglaugh Tell me why a week dollar is not good for the US and the US economy or shut the fuck up.

The present value of the dollar is good for America in that it makes our goods and services cheaper for foreigners to purchase, something we presently need to assure an economic recovery. It also cuts back on dollar-expensive vacationing overseas, thus keep vacationers spending vacation dollars in America which further helps economic recovery.

Like him and/or his policies or not, the Bush tax cut along with lower interest rates and no significant inflation along with a cheaper dollar might make us more money in the long run as jobs start to be created to replace inventories running low due to cheap dollar costs for our manufactured goods. Lately, productivity innovations has held down some job growth, so we need a cheaper dollar to spur overseas demand for our products to the point that it creates manufacturing jobs.

My only worry is that high crude oil prices might slow down the economy, or raise inflation (defined as more money chasing the same goods and services) which might cause the Fed to raise interest rates to fight inflation---yes, the election year might possibly hold down rate increases, but....

Dave
www.davecummings.com

You're an idiot... a weak dollar has as much risks if not more than benifits... A shitload of top economic experts dont agree with the possibility of Bush keeping the dollar down... Now you come here and act like "YOU know" whats up and claim a weak dollar is definately the way to go!!? :1orglaugh

Yes! CAD dollars is going up!! :thumbsup

Tuesday December 23, 1:59 pm ET

oh the irony...

damn it

You give Bush too much credit. He is spending like a drunken sailor and keeps cutting taxes. Nothing he can do will strengthen the dollar if you have to borrow to run the govt. We have to raise the rates we paid to gain the larger pool of borrowed money and that weakened the dollar and spurred fears of inflation. Europeans just took their investments and went home with them is all.

eventually when the US dollar completely collapses because nothing is backing it, we'll all be using euros.

:1orglaugh

Nice edit.

Why not leave the original article up.

i wish the sponsors would pay in euro since the dollar sucks nowadays... :thumbsup

Its kind of difficult for me to understand the falling dollar as an american

aslong as the Big Mac combo meal stay around $3 then its all good for me. It only went from $2.99 to $3.59 in the last 12 years

Don't expect the Hannity economists here to think. These people don't understand things like dept and interest, they only understand what Fox news tells them. It's all about being loud, using small words, and coming to a conclusion that they want to hear.

Just laugh while they support their country being destroyed.
:2 cents:

i just had deja vu, all the same exact things were said about reagan

What so good about that? :(

You are so clueless you barely merit a response.

Depreciation of the dollar is one of the few ways (other than an extended and prolonged depression) to cut the deficit to sustainable levels.

Can't wait to hear you enlighten all of us with your economic wisdom.

:1orglaugh

Fucking bush... He is going to bury my savings! :feels-hot

I understand why those not in the US getting paid in dollars are feeling the pain of a weak dollar.

But what is the danger to the United States' economy with the weaker dollar? I know there are some, but I can't think of any.

Some Positives I see are:

-US stock market becomes more attractive to overseas money
-Exports go up/imports go down
-Interest rates are low, which will push expansion

Negatives?

Thanks.

Since the people here championing the strong dollar can't/won't answer, I?ll give you one...

Foreign investment.

While investing in the US has long been attractive to foreign investors, it has been due to the strength of the USD and it's stability. A weak dollar that fluctuates somewhat 'wildly' undermines that and would cause foreign investors to think twice.

:1orglaugh We have another economic expert here folks! Real TOP economic experts constantly debate and disagree on the pros and cons of a weak dollar but this guy is above that! He definately knows whats up.. 'cause he listen to Fox News!! :thumbsup :helpme

I see what you mean, though the investment is cheaper now for foreign money, if the dollar continues to devalue, their investments/returns would as well.

Also, if the central bank lets the money supply get too large, inflation will be a problem during a recovery. I think the Feds have done a great job, or just been lucky, with the money supply since the 70's...hope they keep up the good job there!

Thanks!

What was wrong with his post? He was asking a question and stating his observations based on basic economic theory. Did you fall asleep in economics 101 or something? I don't see anything about fox in his post, do you?

Please wise one, enlighten me.

:1orglaugh

Clueless? Wanna compare sheepskins pal?

See... stupid people break things down as simply as possible, and use general statements to justify the fact that they're wrong. Sure a lower dollar CAN be a way to cut the deficit, but if that's your only plan, then you're fucked. If you can explain how increasing the dept by borrowing as much as possible for bullshit reasons then keeping the dollar down is helping the economy, then I'll hire you to sell swampland in Florida to Donald Trump.

If you think the way this administration is handling the economy is in any way, shape, or form a positive thing for the country, then here's the gun pal, save the world from further generations of your ignorant children.

What have you offered to the thread shithead? Other that fox news this and fox news that...

What's your economic policy?

That's right... you don't have one, but want to champion a strong dollar. Hell -- I've given more negatives to a weak dollar than you have.

Carry on... Hannity and (who is his partner) this and Hannity and his partner that.

Blah blah blah

US stock market is unattractive to foreign investors. Yes the dow, nasdaq etc have gone up, but if you adjust for the depreciation of the USD the market has shown anaemic growth.

http://www.minimumeffort.com/djiavseuro.gif

Imports are actually going up faster than exports, because the US is further ahead in the economic recovery phase. Foreigners are still feeling the hurt, intensified by the USD fall, so they're not buying USD goods.

Interest rates are low, but the money supply M2, M3 is actually srhinking, what does this mean? people aren't borrowing money, even though the Government is giving it away

http://www.minimumeffort.com/M2_5yrs.png

One negative from US perspective is that foreigners will more likely buy US tangible assets like property, or maybe takeover some corporations.