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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (211201)	12/29/2006 9:07:08 AM
From: kumar	Read Replies (2) \| Respond to of 281500

relative worth that's important. Yep. Ask a person in New Zealand or India or Sudan if they would like their paycheck in US$ or local currency.

To: bentway who wrote (211201)	12/29/2006 9:09:44 AM
From: Elroy	Read Replies (1) \| Respond to of 281500

You missed the point. It's the relative worth that's important. The US buck is worth less every time you check. I think you mean its the direction of change in worth that is important. There's nothing wrong with having 10 pesos to the US dollar. Anyway, yeah, the 95% consensus view is that the dollar should decline, the Chinese Yuan should rise, and the rest we shall see. A declining dollar isn't necessarily bad. It makes imports more expensive, but also makes exports cheaper for overseas buyers and makes US labor more competitive with foreign labor. Look at this chart. From Jan '02 to Jan '05 the dollar plunged against the euro, and the US economy did fine, right? finance.yahoo.com