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Dollar at new all time low= Inflation, inflation, inflation.  email this discussion to a friend?

myLot reputation of 85/100. hholt01 (898)   ranked 233 out of 3,985 in politics 4 years ago

went to 1.54 and half a penny to the Euro, basically for every two dollars you have you can only buy less then one euro!
What this means for the average American is Inflation inflation and inflation. No matter how much they cut taxes, improve the economy, improve jobs, improve wages, it won't matter if the currency you get paid in isn't worth wallpaper. The fed has been crazy about fighting the subprime crisis and the economy while the value of the dollar has been sinking. How do yo feel that your money is being inflated to uselesness.


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tags:  dollar, inflation, dollar is sinking, euro
 
1. myLot reputation of 82/100. rintintin (2348)   4 years ago

Yes,your dollar is now worth less than one half of one of our pounds.
For every buck I earn on here,I get 50 pence.It isnt worth it,lol
Its funny though,our perception of America as the land of bright lights and glitz.Someone somewhere isnt showing us everything.

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2. myLot reputation of 87/100. pghcityhall (903)   ranked 371 out of 3,985 in politics   4 years ago

as a fed watcher it will be interesting to see what they do in the next meeting. to save the dollar they have to raise rates. if they do that stocks will suffer even more. not to mention more people getting kicked out of their homes. if they lower rates the dollar gets pounded again and inflation happens.

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3. myLot reputation of 96/100. dinhquanghuy (505)   ranked 3,684 out of 3,985 in politics   4 years ago

I'm trading in forex market and I've followed the sinking of dollar aproximately since 2 month ago.It's may be out of control and I think what FED have done is not effective for the market rightnow .The US economy is now has grow slowly and seem so weak .They have to do more for take the price of dollar back to it right way

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4. myLot reputation of 84/100. alexwander (145)   ranked 686 out of 3,985 in politics   4 years ago

Bernanke doesn't enjoy much independence from the current administration. They will do whatever quick fix to the economy for the upcoming election. Try to move to non-U.S.-dollar assets like foreign currencies and stocks.

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5. myLot reputation of 71/100. theprogamer (7491)   ranked 135 out of 3,985 in politics   4 years ago

The real currency is going to other interests (both in and out of country), other parts of the citizenry have been dealing with poor monetary policy or "non real" money (credit, loaning, lending). There is also rampant spending in federal and state government. Factor in bail outs that have been going on plus interest meddling. The currency has less and less worth due to these (and a few others I'm missing at the moment).

The entire story isn't visible either, but a lot of it is. The government is trying to keep the economy afloat for november, especially since history shows people place the blame of economic downturns right at the presidency (Hoover, Bush Sr., Van Buren, W Bush.) Either way, there is plenty to see, and more we've yet to discover.


myLot reputation of 71/100. theprogamer (7491)   ranked 135 out of 3,985 in politics  4 years ago

Opinionwise: I'm not satisfied. I've said it before in other discussions, and implied it. Spendcrazy citizenry and government, plus our currency may well be unaccounted for... "rosey"(/sarcasm). Some of wall street is to blame for this, but also the citizens for their own actions in this (bad loans, overspending, continued demand for higher products, hint: gasoline). The government is also blameworthy in this due to monetary policies, fiscal policies, and questionable priorities: because after all, whats good for Goldman Sachs and Bear Stearns is clearly good for the country. -_-(/sarcasm). What the government wants despite lack of input from the people, must be good too right? -_- (/sarcasm)

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