Anybody notice the slow decline in the USD against the Euro and Sing Dollar - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 90 (permalink) Old 11-23-2006, 09:25 AM Thread Starter
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Anybody notice the slow decline in the USD against the Euro and Sing Dollar

No attack on the DEMS but damn since the mid terms the dollar has gone from 1.25 USD per 1 Euro to today it is 129.5 USD to 1 Euro and the SGD was 1.58 SGD for 1 USD and now it is 1.549 SGD to 1 USD. Hope it does not make this a habit.
Jakarta Expat is offline  
Sponsored Links
Advertisement
 
post #2 of 90 (permalink) Old 11-23-2006, 12:47 PM
KamiL
Guest
 
Posts: n/a
Mentioned: Post(s)
Quoted: Post(s)
When the dollar is weaker it is better for the USA if you really think about it. Now other countries' currency is more valuable so they will buy MADE IN THE USA products and we can export more. Also, it will drive more tourists to come here and people from the STATES will take vacations in America. One more thing, since the dollar will be weak, we won't be importing as much which means we'll have to make it here which in turn will create jobs.
post #3 of 90 (permalink) Old 11-23-2006, 10:56 PM
BenzWorld Elite
 
FeelTheLove's Avatar
 
Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Posts: 28,829
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
Bush has had a weak dollar policy since he was elected. It's really the only thing holding up what is left of US manufacturing, so it is probably a good thing.

The Democrats haven't even taken office yet, so your inclusion of them in your comment is stupid tripe.


...

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
FeelTheLove is offline  
post #4 of 90 (permalink) Old 11-24-2006, 01:44 AM
BenzWorld Elite
 
shrimpton's Avatar
 
Date registered: Aug 2002
Vehicle: '90 560SEL, V8 Landcruiser, Toyota S/Wagon
Location: Christchurch, New Zealand
Posts: 2,552
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
I figure that China now nearly owns the US$, or will do so all too soon.
The worm is turning on the one big economy that made itself rich in the 20th century - at the expense of much of the others as it turned out.
How's the Yuan doing, - still fixed and fair market?.
shrimpton is offline  
post #5 of 90 (permalink) Old 11-24-2006, 02:00 AM
BenzWorld Elite
 
Date registered: Dec 2005
Vehicle: 1993 300SEL (Sold) 2001 530i
Location: Auckland, New Zealand
Posts: 7,217
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Quote:
Originally Posted by KamiL
When the dollar is weaker it is better for the USA if you really think about it. Now other countries' currency is more valuable so they will buy MADE IN THE USA products and we can export more. Also, it will drive more tourists to come here and people from the STATES will take vacations in America. One more thing, since the dollar will be weak, we won't be importing as much which means we'll have to make it here which in turn will create jobs.
I think with regards to imports alot of things are simply too exspensive to produce in teh states because of high labour costs and that China has such lax industrial laws and keeps their currency low, however the US will always be good at producing unique technology that will always come at a premium, however demand for that is quite static, you don't export alot of cars except to Canada and I guess Mexico. I don't think you will see a big rise in terms of home grown production as companies like for examle Nike and Levis will just absorb the low dollar as it is not hugely affecting their margins. Alot of people simply cannot be bothered traveling to the States as tourists anymore, it's become such a PITA for anyone who does not hold an American passport. I doubt that this will have any meaningfull effect of you current account deficit, national debt or any other economic indicators unless the dollar drops alot more or this is for an extened period of time.
NZ Benz is offline  
post #6 of 90 (permalink) Old 11-24-2006, 02:11 AM
BenzWorld Elite
 
shrimpton's Avatar
 
Date registered: Aug 2002
Vehicle: '90 560SEL, V8 Landcruiser, Toyota S/Wagon
Location: Christchurch, New Zealand
Posts: 2,552
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
NZ Benz - the only thing in my home that is US made is some US$ for my odd ebay foray. Although the DVD my wife is watching is an American movie ...(it's shit, and is why I'm on here!)
shrimpton is offline  
post #7 of 90 (permalink) Old 11-24-2006, 02:14 AM
BenzWorld Elite
 
Date registered: Dec 2005
Vehicle: 1993 300SEL (Sold) 2001 530i
Location: Auckland, New Zealand
Posts: 7,217
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Quote:
Originally Posted by shrimpton
NZ Benz - the only thing in my home that is US made is some US$ for my odd ebay foray. Although the DVD my wife is watching is an American movie ...(it's shit, and is why I'm on here!)
Exactly it's all made in China and the dollar being lower than normal will not cause some kind of massive swing back of manufactoring to the States. I'll try and find something in our house made in the US, I wounder what.
NZ Benz is offline  
post #8 of 90 (permalink) Old 11-24-2006, 02:21 AM
BenzWorld Elite
 
Date registered: Dec 2005
Vehicle: 1993 300SEL (Sold) 2001 530i
Location: Auckland, New Zealand
Posts: 7,217
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Our washing machine is a Maytag, are those still made in the US?
NZ Benz is offline  
post #9 of 90 (permalink) Old 11-24-2006, 02:26 AM
BenzWorld Elite
 
shrimpton's Avatar
 
Date registered: Aug 2002
Vehicle: '90 560SEL, V8 Landcruiser, Toyota S/Wagon
Location: Christchurch, New Zealand
Posts: 2,552
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Interesting isn't it - that New Zealand is in the lead for Chinas first free trade agreement, but Bush's mob don't want to know us - go figure!.
shrimpton is offline  
post #10 of 90 (permalink) Old 11-24-2006, 02:28 AM
BenzWorld Elite
 
shrimpton's Avatar
 
Date registered: Aug 2002
Vehicle: '90 560SEL, V8 Landcruiser, Toyota S/Wagon
Location: Christchurch, New Zealand
Posts: 2,552
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Maytag sounds Chinese....
shrimpton is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Dollar vs. Euro and 2006 SLK prices GernBlansten R171 SLK-Class 5 01-01-2005 07:05 AM
    can someone help convert pricing for me from euro to USD? dwei42 R171 SLK-Class 7 01-30-2004 08:39 AM
    can someone help me convert pricing from euro to USD? dwei42 General Mercedes-Benz 2 01-12-2004 02:35 AM
    Now that it's getting a bit cold outside, I notice that 1-2-3 shifts are slow and Darkmann W163 M-Class 5 10-11-2002 10:45 PM
    OT: Mercedes Quality Decline? kenny R170 SLK-Class 5 02-09-2002 10:39 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome