Strong €, Weak $, good or bad?
Today the Euro has hit its highest value ever against the dollar at €1 = $1.3050
Oil prices are still set in dollars and are still very high.
Is it good/bad for the Euroland?
Is it good/bad for the US?
Is it good/bad for the World?
Bad for all of the above.
Americans have a harder time buying European cars and other things that don't fall apart the way that their American made counterparts do.
Europeans lose export and tourism revenue.
The World as a whole looks forward to economic instability if Bush's highly unsustainable policies continue.
DeaconDave
17-11-2004, 18:18
European cars are now less reliable than american ones.
I think it's good for the US in that now maybe we can export something. This trade deficit sucks.
Snub Nose 38
17-11-2004, 18:21
Strong Euro, Weak Dollar:
IN the US - Good for EXPORTS to Europe, Bad for IMPORTS from Europe, Bad for Visitors to Europe, Good for Visitors to the US.
IN Europe - Good for IMPORTS from the US, Bad for EXPORTS to the US, Good for Visitors to US, Bad for Visitors from the US
HyperionCentauri
17-11-2004, 18:32
European cars are now less reliable than american ones.
source?
**
anyway.. i read in the economist *basically* that the Euro is a bit over valued and the Dollar is just too weak, it will end up with with both sides having some problems in the future
DeaconDave
17-11-2004, 18:44
source?
**
here (http://www.usatoday.com/money/autos/2003-11-03-reliable_x.htm)
I always drive american anyway. I don't like european cars, I had a SAAB once :mad: