This week's giveaway is in the Spring forum.
We're giving away four copies of REST with Spring (video course) and have Eugen Paraschiv on-line!
See this thread for details.
The moose likes Meaningless Drivel and the fly likes Good News! The Dollar Is Down Big Moose Saloon
  Search | Java FAQ | Recent Topics | Flagged Topics | Hot Topics | Zero Replies
Register / Login

Win a copy of REST with Spring (video course) this week in the Spring forum!
JavaRanch » Java Forums » Other » Meaningless Drivel
Bookmark "Good News! The Dollar Is Down" Watch "Good News! The Dollar Is Down" New topic

Good News! The Dollar Is Down

John Lee
Ranch Hand

Joined: Aug 05, 2001
Posts: 2545
Unlike the bursting of the stock-market bubble, however, the dollar's drop is good news, on the whole, for the U.S. economy.

What's more, while the dollar's drop is causing deep pain for European, Japanese, and many other foreign exporters right now, eventually, it could be a net plus for the global economy if America's trading partners respond by cutting interest rates or loosening fiscal policy.

Asian nations have acted to prevent their currencies from appreciating against the greenback. Japan sold $20.5 billion worth of yen in the first quarter in a move that limited the dollar's slide. And China, whose first-quarter trade surplus in goods with the U.S. soared from $7 billion in 1996 to $25 billion today -- giving it the world's biggest surplus with the U.S. -- has kept its carefully controlled currency steady against the dollar.

Good News! The Dollar Is Down
subject: Good News! The Dollar Is Down
It's not a secret anymore!