-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
Anyone notice the exchange rate of us$ drops rapidly recently ?
- Thread starter jimmyhaha
- Start date
China and Japan were forced to stop manipulating their currency. For decades they have kept it lower so they can have an advantage in trading. The 7 Largest Countries (including US) had made them release the real currency value and... well it backfired. The Chinese, Japanese currency is REALLY strong and made the once "mighty" dollar look weak.
LOL I mentioned it in my Micro Economics class today also. Dumb American's... mess with China's currency level and we lost value. LOL... really it is funny...
LOL I mentioned it in my Micro Economics class today also. Dumb American's... mess with China's currency level and we lost value. LOL... really it is funny...
Ladies Man
Platinum Member
in theory yes
otherside of it is US businesses now lose more money when they import stuff though, and last i checked anything you buy has something from china or japan in it.
True, but you must understand, the US is a consumer based society. We depend primarily on foreign goods to support ourselves. It actually costs more to pay for the same thing now than last week. We produce, but not at a rate to support ourselves and foreign goods are sometimes (usually) cheaper than American made products
We do not export at the rate we import. (also due to the fact that others nations don't like American made products, not all but some) With the WTO, Nafta, almost tarrifless trade with asian nations, America is going to really be in a bind. Greed has lead the US in this direction....
/Going to change currency into Euro 😛 🙂
isaacmacdonald
Platinum Member
ehh... don't u worry. the cool thing about being the US is that assloads of foreign debt and reserves are denominated in USD so the worlds creditors (the first world countries) have a vested interest in preventing a giant slide in the value of the USD for the sake of investment and generally preserving the liquidity of the world financial markets.
the change in value favors the US exporting more, and its not like capital can't be moved really easily or something. the currency manipulation had to come back eventually anyway. which way did you really expect it to move with the huge surpluses japan does? this is adam smith's exchange rate redux.
all the recent action has been a direct result of the comments issued at the recent G7 meeting ... i wouldn't say anyone 'made' China and Japan stop doing what they have always done, but that is indeed what it seems they will do.
besides, there has been a noticeable (although unsaid) abandonment of the official strong $ policy. add to that the fact that the Iraq adventure is costing about 4B a month and doesn't look like it will end for a few years at least and you have the makings of $1.20 or even $1.25 Euro ....
besides, there has been a noticeable (although unsaid) abandonment of the official strong $ policy. add to that the fact that the Iraq adventure is costing about 4B a month and doesn't look like it will end for a few years at least and you have the makings of $1.20 or even $1.25 Euro ....
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
