Debates Forum

Debates Forum

  1. SubscriberAThousandYoung
    iEn guardia, Ingles!
    tinyurl.com/y43jqfyd
    Joined
    23 Aug '04
    Moves
    24791
    06 Mar '17 18:464 edits
    reuters.com/article/businessNews/idUSKBN16D1KK

    He is a California Democrat who wants the Chinese yuan to rise in value and dollars to become devalued.

    He is also Trump's Director of the National Trade Council.

    And he's a Spic REPRESENT

    Hope your savings aren't in dollars...
  2. Cape Town
    Joined
    14 Apr '05
    Moves
    52945
    06 Mar '17 19:25
    Originally posted by AThousandYoung
    Hope your savings aren't in dollars...
    If they are, they aren't very big savings.

    The value of a currency relative to others affects everyone differently. Exporters or local producers might benefit from a weak dollar and importers would suffer. I don't know how self sufficient the US is with oil, but for countries that import a lot of oil, oil hungry businesses (which includes farming, transport and more) suffer when a currency weakens.
    Investments in real estate can often ride out currency fluctuations because a house is still a house. Only when there are bubbles, or bubbles are created by the fluctuations does the currency matter.
    Investments in bonds can loose out.
  3. Joined
    20 Oct '16
    Moves
    8799
    06 Mar '17 21:29
    Originally posted by AThousandYoung
    reuters.com/article/businessNews/idUSKBN16D1KK

    He is a California Democrat who wants the Chinese yuan to rise in value and dollars to become devalued.

    He is also Trump's Director of the National Trade Council.

    And he's a Spic REPRESENT

    Hope your savings aren't in dollars...
    The dollar is extremely strong at the moment.

    It is not necessarily a bad thing for the US dollar to be weak. Just like what the Germans have done with the Euro being perpetually undervalued compared to the strength of their economy, weakness could make the economy blossom. But the US economy isn't my specialty.