Has The Weak Dollar Changed Anything For You?

[Optsol]

All posters claiming it has had no direct effect on them either do not live in the US, or are wrong.

The weak dollar affects countless functions, most noticeably, interest rates and imported items (read that as oil).

[sweeps]

Originally Posted by Optsol

All posters claiming it has had no direct effect on them either do not live in the US, or are wrong.

The weak dollar affects countless functions, most noticeably, interest rates and imported items (read that as oil).

In the long run, yes, but not necessarily in the short run. Interest rates have been going down. And oil was spiking even before the dollar went into its tailspin.

[jasanderson]

Originally Posted by mariogreymist

I have strong and well-founded fears for the future of the US dollar. Debt load here is way too high and with manufacturing and other non-professional high-paying jobs leaving the US, we could face a significant level of failure among financial institutions. Americans are stupid on the whole, and the moment that starts, there will be a run on the banks, forcing the government to suspend financial markets. There could be a period of major financial chaos in those 10-20 years.

You can thank everyone who voted for Bush - my husband calls me a tree hugger, which I'm not - I just think he is one of the major reasons our country has gone so downhill. He has encouraged the export of jobs. This from a man who can barely put a legible sentence together without the help of writers. Just my opinion that frequently gets me in trouble with my very staunch Republican inlaws!

[jasanderson]

Originally Posted by terry1156

I think it affects everyone a lot more than most of us realize. The reason that oil prices are so high isn't just because there is a shortage. A lot is because the dollar is plummeting. That affects food prices which hits everyone in the pocket book. Anything that is imported will see price increases soon if they haven't already.

It seems like oil prices were high when the economy was doing good. I feel like that was the start of our downfall. I think there is conspiracy with the middle eastern countried because they hate Americans.

[veronak]

It hasn't affected me; I am not planning a trip anythime soon, but I think it will turn around slowly