Quote:
Originally Posted by Petey
High prices on necessities due to high gas prices.
Less spending money per family due to cost of high gas prices.
Less spending money per family due to higher costs at supermarkets.
Less money into the market = a below average economy.
American dollar value compared to when it first went into circulation is worth 4 cents.
Countries are dropping or threatening to drop the dollar because of it's weakness.
If i left anything out feel free to add it on.  |
Cyclical things that will correct with time.
Gas is still cheap in the US. So some will have to get rid of their SUV's. Oh boo hoo, poor poor people cannot drive a 6 litre that gets 11 mpg.
4 cent dollar value? OK, whatever
Drop the dollar? Just what countries use the dollar as their currency? Our main trading partners all have their own currency. They will continue to accept the dollar if they wish to export to this country. If they want lesser expensive products they will use dollars to buy from the US. Cause guess what export is booming.
Honestly I could care less what the dollar value is as long as the price of goods does not go up. From what I see and from what friends in Europe tell me, the price of goods in the US is still low. Check for yourself. It appears that if anyone wants to sell in the US they will have to eat the loss due to currency instability.
I remember a few years back people like you were crying about housing prices and guess what it went down. Do not limit your view on the US economy to 10 years.