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Thread: Damn, I MISS Bush….. George Bush was great .. Obama, NOT so much….

  1. #1
    ~Swiss Mix~ justagurlinseattle's Avatar
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    American in Socialist Sweden

    Damn, I MISS Bush….. George Bush was great .. Obama, NOT so much….

    for MY SHOPPING that is….

    Americans don't really notice this stuff, why would you, YOU live in America
    and buy American things with your American Dollars…..

    When I moved here, I started noticing how weak the dollar was….
    I could buy a LOT of things in the USA with the Swedish Kronor so high against the dollar…


    So… Today…. I need a little pick me up…. so, I look for a Vintage Louis Vuitton bag….
    I look at the exchange rate… and HOLY SHIT!!!!

    The Dollar has been climbing ever since Obama hit Office…
    for the first few years, it at least stayed even… It NEVER F hit the low it did when Bush
    was in Office…..

    NOW…. It is even HIGHER….. Experts saying it could reach Parity with the Euro
    by 2016…… NOBODY even thought that for the 8 Years Bush was in Office….



    Buck up, profits down: US multinationals suffer as dollar surges against euro and yen | Fox News

    Since June 30, the dollar has jumped 16 percent against the Japanese yen. Against the euro, it's up 18 percent. Against the Brazilian real, nearly 20 percent.

    Investors are buying dollars and driving it higher largely because the American economy is humming while other economies are sputtering. In Europe and Japan, growth has flat-lined. In China, it's slowed.

    Investors are also seizing on higher interest rates in the United States: The super-safe 10-year U.S. Treasury note yields 1.74 percent — miserly by historical standards but richer than the 0.46 yield on 10-year German government bonds or the 1.59 percent on 10-year Spanish bonds.

    A higher-valued dollar delivers a double blow to American exporters: It makes U.S. products costlier — and therefore less competitive — in foreign countries. And it means the revenue that U.S. companies collect in, say, euros is worth fewer dollars once they bring the money home. In that way, the strong dollar shrinks profits, too.


    Buck up, profits down: US multinationals suffer as dollar surges against euro and yen | Fox News

  2. #2
    ~Swiss Mix~ justagurlinseattle's Avatar
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    The U.S. dollar has been rolling. Since June 30, its value has jumped 16 percent against a collection of world currencies.

    Investors are embracing the dollar because the U.S. economy is strong, especially compared with most other nations.

    U.S. economic growth clocked in at a 5 percent annual rate from July through September, the fastest quarterly pace in more than a decade. During 2014, American employers added nearly 3 million jobs, the most in any year since 1999.

    Investors also like the safety of U.S. Treasurys, which pay a higher yield than government bonds in Japan and most big European countries do.

    Another lure: The Federal Reserve is expected to raise short-term interest rates this summer or fall, making U.S. rates even more attractive for investors.

    But the dollar's strength also reflects weakness elsewhere:

    — JAPAN

    The dollar is up 16 percent against the Japanese yen since mid-2014. Japan slid into recession last quarter after the government imposed an ill-timed sales tax increase. The Bank of Japan has tried to revive the economy by buying bonds to lower rates, boost inflation and drive down the value of the yen to aid Japanese exporters.

    — EURO

    The dollar has surged 18 percent against the euro since June 30. Economic growth among the 19 countries that use the euro has flat-lined. Last year, the European Central Bank slashed rates and sought to stimulate lending by promising to buy bundles of bank loans. Next week, the ECB is expected to announce a program to buy bonds — a version of what the Fed did three times since 2008 — to lower long-term rates and stimulate the eurozone economy.

    How the US Dollar Stacks up Against Major World Currencies - ABC News
    Thanks from April15, BDBoop and Friday13

  3. #3
    ~Swiss Mix~ justagurlinseattle's Avatar
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    American in Socialist Sweden
    UNDER OBAMA, VALUE OF U.S. DOLLAR REACHES 11-YEAR HIGH


    Under Obama, Value Of U.S. Dollar Reaches 11-Year High | If You Only News


    UC-Berkeley economics professor Christina Romer wrote about the strength of the dollar in The New York Times in 2011. We can sum up her piece in this way: There are some situations where we want a strong dollar, and there are some situations where we want a weak dollar. It depends heavily on what our economy is doing, and what other economies are doing.

    The U.S. has always seemed to take a “strong dollar” position, though. So now that the dollar is nice and strong again, and Republicans can’t blame Obama for inflation and a weak dollar anymore, what will they do? Will they give him credit? Or will they take the credit for themselves?

    Or will they say that a strong dollar is bad for us, the way that Fox News speculated that falling gas prices were bad for us? The Wall Street Journal answers that question by saying robust economic growth in the U.S., which is outpacing everyone else, is a big part of it. That’s a good thing.
    Thanks from April15, BDBoop and Friday13

  4. #4
    Cat-tastic Babba's Avatar
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    But I thought Obama sucked at everything!

  5. #5
    Veteran Member Telecaster's Avatar
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    Near Austin TX
    Quote Originally Posted by justagurlinseattle View Post
    for MY SHOPPING that is….

    Americans don't really notice this stuff, why would you, YOU live in America
    and buy American things with your American Dollars…..
    Well, not quite. We buy Chinese things with our American dollars.
    Thanks from mrmike and texmaster

  6. #6
    Thought Provocateur NightSwimmer's Avatar
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    It's true... The poor French people can hardly afford Freedom Fries© these days.

    Thanks Obama!!!

  7. #7
    Banned Camp
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    A landing strip is best...

  8. #8
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    That strong dollar is just KILLING us... Well, at least hurting some of us.

    Story from the AP in todays newspaper:

    GE earnings up 4% despite oil plunge.

    Low oil prices are hurting its expanding oil and gas division.

    A little later in the article it says "a stronger dollar that is hurting exports" so that strong dollar is hurting GE's bottom line as well as JAGS and her shopping.

    I'm sure GE will survive, but the fact remains that a stronger dollar hurts exports of all kinds of products from all kinds of American companies.

    That's why they call it a global economy: it's all connected and what's good for one thing is bad for another.

    I'm sure JAGS will survive, too.
    Thanks from justagurlinseattle

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    Sounds like this is a good time to plan a European trip.
    Thanks from justagurlinseattle

  10. #10
    Veteran Member ptif219's Avatar
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    Quote Originally Posted by justagurlinseattle View Post
    The U.S. dollar has been rolling. Since June 30, its value has jumped 16 percent against a collection of world currencies.

    Investors are embracing the dollar because the U.S. economy is strong, especially compared with most other nations.

    U.S. economic growth clocked in at a 5 percent annual rate from July through September, the fastest quarterly pace in more than a decade. During 2014, American employers added nearly 3 million jobs, the most in any year since 1999.

    Investors also like the safety of U.S. Treasurys, which pay a higher yield than government bonds in Japan and most big European countries do.

    Another lure: The Federal Reserve is expected to raise short-term interest rates this summer or fall, making U.S. rates even more attractive for investors.

    But the dollar's strength also reflects weakness elsewhere:

    — JAPAN

    The dollar is up 16 percent against the Japanese yen since mid-2014. Japan slid into recession last quarter after the government imposed an ill-timed sales tax increase. The Bank of Japan has tried to revive the economy by buying bonds to lower rates, boost inflation and drive down the value of the yen to aid Japanese exporters.

    — EURO

    The dollar has surged 18 percent against the euro since June 30. Economic growth among the 19 countries that use the euro has flat-lined. Last year, the European Central Bank slashed rates and sought to stimulate lending by promising to buy bundles of bank loans. Next week, the ECB is expected to announce a program to buy bonds — a version of what the Fed did three times since 2008 — to lower long-term rates and stimulate the eurozone economy.

    How the US Dollar Stacks up Against Major World Currencies - ABC News
    What has Obama done to cause this

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