Will the US $ rise again?
#61
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Joined: Apr 2003
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Thank you Walter_Walltotti, - when I go to England I always stay in a B&B though. Better than any travel lodge and cheaper than paying L6 for breakfast! - I will try eating in Brick Lane this trip. I never did that before (I don't know why)
As for the British Museum (and others) being Free ... that is one of the main reasons I am going (again for the 3rd time)
I have learned a lot on this thread. And now I am glad I posted it because I really did get some answers like I wanted. (Economics are so interesting)
Thanks, jsmith
As for the British Museum (and others) being Free ... that is one of the main reasons I am going (again for the 3rd time)
I have learned a lot on this thread. And now I am glad I posted it because I really did get some answers like I wanted. (Economics are so interesting)
Thanks, jsmith
#62
Joined: Jan 2003
Posts: 3,491
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No, the dollar will not rise again in the near future. Or probably even the intermediate future. Separating current federal policy from policies of banks and corporations is a false distinction, and it serves their purposes and needs right now to keep the dollar depressed -- or at least to allow it to remain depressed. The only people a depressed dollar hurts are consumers of imported goods and travellers with limited means. Politically, making American goods cheaper and foreign goods more expensive is a plus, and hurting foreign travelers' pockets is not a big minus. As long as we have a stupendous deficit -- the war aside -- the dollar cannot strengthen much, because no one will consider it a reasonable investment, especially as long as the prime rate is also ridiculously low. Will it go lower than it now is? It will if/when there's another terrorist attack that undermines confidence and successfully hurts any sector of the economy -- which it almost certainly would.
It's a little late to advise this, but if you had invested in European assets and currency 3-4 years ago, you'd be pretty happy now. Of course, all world economies are linked over the long haul, and a recession/depression in the US will pull down on others. But in the near- and mid- term, there is almost no aspect of our economic or political strategies that will make the dollar stronger.
It's a little late to advise this, but if you had invested in European assets and currency 3-4 years ago, you'd be pretty happy now. Of course, all world economies are linked over the long haul, and a recession/depression in the US will pull down on others. But in the near- and mid- term, there is almost no aspect of our economic or political strategies that will make the dollar stronger.
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