The US dollar hasn't been this strong since 1981!

No.

:bernankedoom23:

This is not good for US corporations... it makes them less profitable exporting items overseas and is a major cause of our outsourcing of jobs to foreign countries... the only thing a strong dollar is good for is blowing up giant debt bubbles and helping banking speculators continue to speculate.

3M sent out an email to employees explaining how much profit they have lose (actually how much revenue they can claim) at what the dollar trades at right now vs the EURO compared to what it was at last fall. Of course they are looking for ways to cut costs because a lot of the stuff at our plant goes overseas... over 2/3 of it in fact.

When the dollar is strong it's more cost effective to make the item overseas and ship it back here...

Last Edited by Sholomar on 04/16/2015 05:35 AM

Great for getting Americans to visit Europe. Come on over and spend your dollars while they last!!!

make Obama your emperor for life.as a reward for this.now America may live forever (in morons minds)

well we still ashead of your moose detailin baby seal clubbin xcuse of an economy.

I can and do buy everything you mentioned, with money, on a fairly regular basis.

A strong dollar is not good for exports...

Enlighten us with your intellect please

yeah if we actually made stuff ta xport.probly help consumers here buy more foreign stuff an bump those all important economic indicator numbers up.

and its down against gold how much since 1981?

around 60% I think.

Enjoy paper as long as it lasts, maybe 2 years? Maybe not even.

It's true, the number of Auto detailers, Hair salons, Cell phone stores and fingernail shops has exploded in my town.....

I wouldn't go so far mate but Canada is in deep shit as well. When the US stops buying they take everyone down with them, especially their biggest trading partner. We've got serious consumer debt issues up here which is helping to prop up our housing market and create a bubble economy.

Personally, I lost my job recently because my company thought they could get someone to work for less and the jobs I'm seeing all come with less pay.

the us dollar says "IN GOD WE TRUST" farewell dollar main reason its being spent to death... will you be able to buy your way out of fema camps with gold and silver?

Yeah, strong against Brazilian real

Doesn't matter.

1988:

Cost of 12 eggs, 1 gal milk and a gal of gas = $4.27
Average Wages: $42,000 (median 50%)

you could buy 9,836 instances of that $4.27 in one year.



2015:

Cost of 12 eggs, 1 gal milk and a gal of gas = $9.17
Average Wages: $50,000k

you could buy 5,452 instances of that $4.27 in one year.




In the US ONLY, the purchasing power of the dollar is roughly HALF of what it was in the 1980's.

Last Edited by -Adam- on 04/16/2015 07:28 AM