Pound touches 14-year dollar high

[gcy]

Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

 

[JS80]

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

 

[sierrita]

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

Sure it is...
:roll:

 

[K1052]

Originally posted by: sierrita

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

Sure it is...
:roll:

Uh he's right.

European companies are going to lose business/profit as their currency (Pound and Euro) climbs.

As an example, Airbus prices their aircraft in USD to compete with Boeing. They pay their expenses (materials, labor, etc...) in Euros and Pounds. As European currency rises and the dollar falls their profits shrink.

 

[smack Down]

Originally posted by: sierrita

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

Sure it is...
:roll:

It is good for US corporations that export goods. It is bad for consumers.

 

[sierrita]

Originally posted by: K1052

Originally posted by: sierrita

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

Sure it is...
:roll:

Uh he's right.

European companies are going to lose business/profit as their currency (Pound and Euro) climbs.

As an example, Airbus prices their aircraft in USD to compete with Boeing. They pay their expenses (materials, labor, etc...) in Euros and Pounds. As European currency rises and the dollar falls their profits shrink.

How does that help us?

Did you mean that what is good for Boeing is somehow good for the average joe sixgun?

 

[sierrita]

Originally posted by: smack Down

Originally posted by: sierrita

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

Sure it is...
:roll:

It is good for US corporations that export goods. It is bad for consumers.

That's my thought as well...Unfortunately, some people think anything that's good for a large corporation somehow is good for us all.

 

[PokerGuy]

A low dollar is both good and bad. It's good in terms of exports and US companies competing abroad in terms of price. On the flip side, it makes all imports more expensive for customers in the US (which raises inflation), and at the same time makes US dollar based investments less attractive to foreign investors. That makes interest rates go up, slowing down us economic growth. So ya see, it's good and bad at the same time.

 

[techs]

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

WRONG WRONG WRONG WRONG WRONG
The U.S. dollar has not dropped at all against the yuan (chinese currency) because China refuses to all it to be traded freely. Which means ALL trade with China is NOT free trade and is in fact illegal.
The only gain the U.S. gets if the dollar falls is with countries who use the euro or the pound. So effectively China has us competing with our allies for a diminishing slice of trade. And the huge gains China makes on the U.S. each month can't begin to be made up for by a slightly better balance of trade with Europe.

Basically the U.S. dollar dropping DOES NOT HAVE the effect it should have since the Chinese won't let it.

End of American way of life as we know it in 20 years.

 

[Farang]

Beer is so goddamn expensive over there. Freaking unbelievable. Especially in Ireland.. I don't know how the Irish have the stereotype of being alcoholics, I don't see how they could ever afford it!

 

[JS80]

Originally posted by: techs

Originally posted by: JS80

Originally posted by: gcy
Link
It's going to be expensive travelling to England. Good for our export, but bad for thiers.

weak dollar is good for us in a globalized economy

look at how much it's helped China (they artificially devalue their currency).

WRONG WRONG WRONG WRONG WRONG
The U.S. dollar has not dropped at all against the yuan (chinese currency) because China refuses to all it to be traded freely. Which means ALL trade with China is NOT free trade and is in fact illegal.
The only gain the U.S. gets if the dollar falls is with countries who use the euro or the pound. So effectively China has us competing with our allies for a diminishing slice of trade. And the huge gains China makes on the U.S. each month can't begin to be made up for by a slightly better balance of trade with Europe.

Basically the U.S. dollar dropping DOES NOT HAVE the effect it should have since the Chinese won't let it.

End of American way of life as we know it in 20 years.

wow. your reading comp is fail.

 

[JS80]

Originally posted by: PokerGuy
A low dollar is both good and bad. It's good in terms of exports and US companies competing abroad in terms of price. On the flip side, it makes all imports more expensive for customers in the US (which raises inflation), and at the same time makes US dollar based investments less attractive to foreign investors. That makes interest rates go up, slowing down us economic growth. So ya see, it's good and bad at the same time.

In actuality the drop in the dollar has not affected consumer prices. Because the US is such a strong consumer market, European exporters must sell at US market prices, so any increase in the Euro results in dwindling European profits.

Here's a simple example: USD has lost ~30-40% in the past 5 years; have BMW and MBZ prices increased by that much? No.

 

[StageLeft]

Originally posted by: JS80

Originally posted by: PokerGuy
A low dollar is both good and bad. It's good in terms of exports and US companies competing abroad in terms of price. On the flip side, it makes all imports more expensive for customers in the US (which raises inflation), and at the same time makes US dollar based investments less attractive to foreign investors. That makes interest rates go up, slowing down us economic growth. So ya see, it's good and bad at the same time.

In actuality the drop in the dollar has not affected consumer prices. Because the US is such a strong consumer market, European exporters must sell at US market prices, so any increase in the Euro results in dwindling European profits.

Here's a simple example: USD has lost ~30-40% in the past 5 years; have BMW and MBZ prices increased by that much? No.

Hmm, well then the US is owning.

In any case, a couple years back at an airport in England I traded $200 US for about $96 or $98 pounds and my rear still smarts from it. Damn airport exchanges.

 

[lozina]

Originally posted by: JS80

Here's a simple example: USD has lost ~30-40% in the past 5 years; have BMW and MBZ prices increased by that much? No.

Has everyone's wages in the US increased by ~30-40% to counter that drop in value? No.

As for BMW, you're taking a way too simplistic view on things. Just look at BMW's profits. 2006 was record level and now they expect 2007 to top that. By your rationale, BMW should be suffering, not prospering.

 

[smack Down]

Originally posted by: JS80

Originally posted by: PokerGuy
A low dollar is both good and bad. It's good in terms of exports and US companies competing abroad in terms of price. On the flip side, it makes all imports more expensive for customers in the US (which raises inflation), and at the same time makes US dollar based investments less attractive to foreign investors. That makes interest rates go up, slowing down us economic growth. So ya see, it's good and bad at the same time.

In actuality the drop in the dollar has not affected consumer prices. Because the US is such a strong consumer market, European exporters must sell at US market prices, so any increase in the Euro results in dwindling European profits.

Here's a simple example: USD has lost ~30-40% in the past 5 years; have BMW and MBZ prices increased by that much? No.

I don't know I haven't purchased many BMW's in the last few weeks. What kind of a right wing nut job uses BMW's as an example of a consumer product. Tell me what was the price of gas 5 years ago.

 

[dmcowen674]

Originally posted by: smack Down

Originally posted by: JS80

Originally posted by: PokerGuy
A low dollar is both good and bad. It's good in terms of exports and US companies competing abroad in terms of price. On the flip side, it makes all imports more expensive for customers in the US (which raises inflation), and at the same time makes US dollar based investments less attractive to foreign investors. That makes interest rates go up, slowing down us economic growth. So ya see, it's good and bad at the same time.

In actuality the drop in the dollar has not affected consumer prices. Because the US is such a strong consumer market, European exporters must sell at US market prices, so any increase in the Euro results in dwindling European profits.

Here's a simple example: USD has lost ~30-40% in the past 5 years; have BMW and MBZ prices increased by that much? No.

I don't know I haven't purchased many BMW's in the last few weeks.

What kind of a right wing nut job uses BMW's as an example of a consumer product.

Tell me what was the price of gas 5 years ago.

:laugh:

 

[Atheus]

Originally posted by: Farang
Beer is so goddamn expensive over there. Freaking unbelievable. Especially in Ireland.. I don't know how the Irish have the stereotype of being alcoholics, I don't see how they could ever afford it!

How much is a pint of beer from a pub in the states? How much is a dozen bottles from the supermarket?

 

[K1052]

Originally posted by: Atheus

Originally posted by: Farang
Beer is so goddamn expensive over there. Freaking unbelievable. Especially in Ireland.. I don't know how the Irish have the stereotype of being alcoholics, I don't see how they could ever afford it!

How much is a pint of beer from a pub in the states? How much is a dozen bottles from the supermarket?

You can get 12 bottles of decent beer for $10 or less.
Imports/specialty are slightly more.

I actually prefer Bass, which runs about $15 for 12 around here.

Bar prices vary widely depending on location. I paid $5 for a pint of Guinness recently but I've seen it cheaper.

 

[marincounty]

I can't wait until the Mexican peso surpasses the dollar in value. That will mean our economy is doing fantastic.

 

[rudder]

I wondered why there were so many British people in Orlando last week. They are living high on the hog.

 

[lozina]

Originally posted by: rudder
I wondered why there were so many British people in Orlando last week. They are living high on the hog.

I bet you felt really sorry for them. Their strong pound is really hurting them in the global economy. I bet you could just feel their sadness as they basked in the sun and enjoyed their strong currency.

 

[imported_Lothar]

Originally posted by: lozina

Originally posted by: rudder
I wondered why there were so many British people in Orlando last week. They are living high on the hog.

I bet you felt really sorry for them. Their strong pound is really hurting them in the global economy. I bet you could just feel their sadness as they basked in the sun and enjoyed their strong currency.

Economic indicators prove that to be false.

 

[imported_Tango]

Originally posted by: Lothar

Originally posted by: lozina

Originally posted by: rudder
I wondered why there were so many British people in Orlando last week. They are living high on the hog.

I bet you felt really sorry for them. Their strong pound is really hurting them in the global economy. I bet you could just feel their sadness as they basked in the sun and enjoyed their strong currency.

Economic indicators prove that to be false.

He was ironic...

 

[imported_Lothar]

Originally posted by: Tango

Originally posted by: Lothar

Originally posted by: lozina

Originally posted by: rudder
I wondered why there were so many British people in Orlando last week. They are living high on the hog.

I bet you felt really sorry for them. Their strong pound is really hurting them in the global economy. I bet you could just feel their sadness as they basked in the sun and enjoyed their strong currency.

Economic indicators prove that to be false.

He was ironic...

After reading that again, I think you're probably correct.