nasza_maggie 08.05.06, 13:42 costs 2.99 pln. An all time low.... now, why is that? Odpowiedz Link czytaj wygodnie posty
firemouse Re: the dollar 08.05.06, 15:16 Not the all-time-low, once it costed 9500 PLZ so 0.95 PLN Why is that? Uncle Davey can explain it certainly better, but just look at US budget deficit and ask yourself if they can cover this. Odpowiedz Link
nasza_maggie Re: the dollar 08.05.06, 17:25 firemouse napisał: > Not the all-time-low, once it costed 9500 PLZ so 0.95 PLN > aaaaa but that was a long long time ago, when that wasn't really a low. Odpowiedz Link
usenetposts Re: the dollar 08.05.06, 20:45 > Why is that? Uncle Davey can explain it certainly better, but just look at US > budget deficit and ask yourself if they can cover this. It's not necessarily a bad thing. Even at such lousy rates they are having big trouble with their exports and their balance of payments deficit. The Chinese are buying dollars all the time just to keep the dollar up, so that they can buy Chinese goods and not sell their own. If the Chinese dumped the dollars they have, then the dollar would be worth a good deal less than that, and of course their exporters would then have a field day, but the Chinese would not be selling so much to them. The Chinese have figured out the old trick of providing credit to people to buy their goods. Now would be a lousy time to borrow in dollars, though, but I'm not sure that making deposits in dollars is going to be that good either. Obviously they are deflating, but in a way which is not so painful internally to voters who only see the dollar and nothing else. On an interesting side note, I can finally tell American friends I am making six figures again. The last time I could say that, over three years ago, I was earning a good deal more in PLN terms than I am now. But they were other times in my profession. Odpowiedz Link