Originally Posted by
bodhitree
Hello all
I rarely start off topic threads, but I want to know what everyone thinks about the American economy, the dollar (and its value), in both short and long terms. Do interest rates cuts = economic growth or do they just push down the value of the dollar? They say a weak dollar is good for exports, but how much of the American economy depends on exports? Don't most of our big corporations outsource manufacturing work overseas anyways? How does America stay competative with the emerging economies? A weak dollar is both a blessing and a curse to Europeans. Europeans have seen little fluctuation in gas prices, being most oil is traded in dollars the euro's strength keeps the prices the same. European exporters are suffering though.
All thoughts welcomed....
except stupid ones
I don't know about the rest of Europe, but gas in Germany is ridiculously expensive.
I think the economy will recover from the housing meltdown, but it'll take a while. This won't be solved in the next 4-6 years, that's for certain.
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