Generally speaking is a strong currency a sign that your country is strong and respected economically?
Asked by: Trader 61 views Day Trading
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and a weak currency a sign that you are not that respected and considered weak economically?
I ask this because I remember the days when the dollar was strong and if you visited some other countries like Mexico and it would take 1500 pesos to buy one dollar. Back then, I thought that meant that our dollar was reflecting the strenght of the american economy vis a vis theirs.
So if our dollar today is crashing, and when you look at all the other problems going on in the american economy from record foreclosures to high budget deficits and trade deficits to inflation to declining real wages, loss of 15 % of our manufacturing sector, outsourced jobs,high health care costs and high gas prices etc..etc.. and when you see the dollar crashing and you look around and you see all that other stuff going on, I can’t help but think they are related…that the crashing dollar is a sign that the american economy is not doing well at all and that there is a need to make some
significant corrections to some policies.
by jeepers…..so all those years when U.S dollar was right up there and the US was the dominant booming economy with balanced budgets trade surpluses and growing incomes and all that good stuff going on and lo and behold a very strong dollar…that seems to belie your statement that …. in a crashing dollar is a sign of how well the USA is doing. What you seem to be doing is being an apologist. you seem to have a certain ideology and no matter what reality says u are going to make reality match your ideology. I bet you think we are having a booming economy dont you? we already know that you think budget and trade deficits are good along w a crashing dollar. lol. how delusional. !!!
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