A lower dollar means that our exports are in fact cheaper for sale overseas. That means our businesses are in fact MORE able to compete on the world market in spite of our increased costs for running industry in the US (Labor unions, payroll taxes, administration costs, federal state and local regulation compliance costs).
It also means we're a more desirable destination.
The rising yen and Euro are in fact indicative of severe problems in THOSE economies. Europe's economy is really stagnant. Their currency values are rising due to inflation in those markets of their currency.
If it gets too bad, it could spell disaster for those economies and a subsequent rebound in the US economy. However it's NOT the negative indicator you seem to think it is.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
momijizukamori
no subject
Date: 2008-02-28 11:19 pm (UTC)A lower dollar means that our exports are in fact cheaper for sale overseas. That means our businesses are in fact MORE able to compete on the world market in spite of our increased costs for running industry in the US (Labor unions, payroll taxes, administration costs, federal state and local regulation compliance costs).
It also means we're a more desirable destination.
The rising yen and Euro are in fact indicative of severe problems in THOSE economies. Europe's economy is really stagnant. Their currency values are rising due to inflation in those markets of their currency.
If it gets too bad, it could spell disaster for those economies and a subsequent rebound in the US economy. However it's NOT the negative indicator you seem to think it is.