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Engadget Podcast 169 - 10.31.2009
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Reader Comments (Page 1 of 1)
RyanTV @ Sep 25th 2007 8:46PM
the craziest thing about this post is that it points out that the Pound now out values the Dollar 2:1
The US economy is in a sad state.
James Ollier @ Sep 25th 2007 8:49PM
Its been like that for a while now
US @ Sep 25th 2007 9:07PM
its from all the poor people not paying their bills, then the loan market collapsing.
Daniel Spiegelman @ Sep 25th 2007 9:06PM
or maybe there are just less pounds
Charlie Calhoun @ Sep 25th 2007 10:29PM
No, I think its ounces.
I LOVE THE CAPS LOCK KEY @ Sep 26th 2007 12:09AM
@Charlie Calhoun
No, it's pents not ounces
@RyanTV
A WEAKER DOLLAR is actually a sign of a STRONG EXPORT economy aka Bull market and is just what the USA needs to compete with China whom intentionally deeply undervalues their currency.
On the other hand, a strong dollar means it will be cheaper to import goods from other foreign lands than it would be to buy domestically produced products.
I LOVE THE CAPS LOCK KEY @ Sep 26th 2007 12:12AM
Typo Correction:
pence not pents
cents not scents
RyanTV @ Sep 26th 2007 12:47AM
@ dumb caps lock guy
the problem with your theory is that America does WAY more importing than exporting. Not much is actually manufactured here in the US anymore. Electronics, textiles, etc have all moved to foreign, cheaper soil. So basically we have a weak dollar that we are using to pay for imports from countries that have stronger currency.
anyways you look at it, its not good for our economy for our currency to be this weak on the global market.
dj-kenpo @ Sep 26th 2007 1:14AM
I love caps lock, it's not a sign of strong export, it's a sign of a debt rather than surplus.
clinton had a surplus, bush created a debt. america has lost hundreds of billions in it's "war".
I remember when it was 70cents canadian to a us dollar. now it's 1:1. pretty soon the canadian dollar will be a few cents above rather than below.
trying to say a high credit card debt is wonderful is silly. america needs to chop the governments credit cards up before things get even worse.