Is there a bright side to the falling dollar?

[noone]

BMW announced that it will spend $750 million to expand its South Carolina production facility and create 500 new jobs, doubling the size of its U.S. manufacturing operations.

http://ap.google.com/article/ALeqM5hOW4xZdMGWYI6Ay12cHMHJe-juOwD8VAQ15O0

As the exchange rate continues to decline (or increase depending on your point of view) will we start seeing more jobs returning to the U.S.?

[stansd]

Yes. Or more precisely, less leaving.

Stan

[Arty]

It also dilutes our debts…

[Arty]

It also dilutes our debts…

[Arty]

It also dilutes our debts…

[Arty]

It also dilutes our debts…

[Arty]

It also dilutes our debts…

[stansd]

Yes. Or more precisely, less leaving.

Stan

[stansd]

Yes. Or more precisely, less leaving.

Stan

[stansd]

Yes. Or more precisely, less leaving.

Stan

[stansd]

Yes. Or more precisely, less leaving.

Stan

[kewp]

Surely. Something I predict that will happen is foreign companies setting up shop in the IE after picking up commercial and residential RE for pennies on the dollar.

I think most folks would admit its better to be employed by a foreigner and earning a devalued currency versus on the dole.

[kewp]

Surely. Something I predict that will happen is foreign companies setting up shop in the IE after picking up commercial and residential RE for pennies on the dollar.

I think most folks would admit its better to be employed by a foreigner and earning a devalued currency versus on the dole.

[kewp]

Surely. Something I predict that will happen is foreign companies setting up shop in the IE after picking up commercial and residential RE for pennies on the dollar.

I think most folks would admit its better to be employed by a foreigner and earning a devalued currency versus on the dole.

[kewp]

Surely. Something I predict that will happen is foreign companies setting up shop in the IE after picking up commercial and residential RE for pennies on the dollar.

I think most folks would admit its better to be employed by a foreigner and earning a devalued currency versus on the dole.

[kewp]

Surely. Something I predict that will happen is foreign companies setting up shop in the IE after picking up commercial and residential RE for pennies on the dollar.

I think most folks would admit its better to be employed by a foreigner and earning a devalued currency versus on the dole.

[Coronita]

 http://www.autoblog.com/2008/03/10/bmw-to-increase-u-s-production-in-2012-while-cutting-jobs-in-ge/

 

Good news: BMW to increase production capacity in U.S.

Bad new: BMW to lay off workers in Germany

Good news: BMW to add more positions in U.s.

Bad news: As if German cars weren't bad enough in quality, american assembled BMWs are going to get a lot worse (can you say BMW X5…)

Good news: prices of BMW might stay relatively constant, as having factories here churn out Bimmers might skirt the dollar depreciation and also skirt some import taxes.

Bad news: the warranty offered by BMW would probably be the same.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[EconProf]

BobS
There are actually several pluses to a falling dollar:
1. Our exports are effectively cheaper to foreigners, theoretically helping our balance of trade in the long run. US exports are up substantially this year and last year.
2. Tourism here up from foreigners plus more Americans spending their tourist dollars in US vs. traveling overseas.
3. Ultimately, our real estate prices will be propped up by foreigners discovering what bargains we have. There is evidence this is already happening.

The main downside of the falling dollar is to our pride and prestige. It shows how we have mismanaged our affairs and are so into consumption and instant gratification instead of saving and self-control.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[cr]

The foreigner line was also used to support the argument that house prices wouldn’t fall and they have.

How many foreigners actually want to own property here? Don’t you have to be a citizen to buy? Even if you don’t what a p.i.t.a. to have an out of country rental property. Vacation home maybe, but still not likely, and not common enough to offset the 1% of homes in foreclosure.

I’ll buy that foreigners would flip homes during the bubble, but not that they will prop up prices. You can’t export real estate.

[EconProf]

BobS
There are actually several pluses to a falling dollar:
1. Our exports are effectively cheaper to foreigners, theoretically helping our balance of trade in the long run. US exports are up substantially this year and last year.
2. Tourism here up from foreigners plus more Americans spending their tourist dollars in US vs. traveling overseas.
3. Ultimately, our real estate prices will be propped up by foreigners discovering what bargains we have. There is evidence this is already happening.

The main downside of the falling dollar is to our pride and prestige. It shows how we have mismanaged our affairs and are so into consumption and instant gratification instead of saving and self-control.

[EconProf]

BobS
There are actually several pluses to a falling dollar:
1. Our exports are effectively cheaper to foreigners, theoretically helping our balance of trade in the long run. US exports are up substantially this year and last year.
2. Tourism here up from foreigners plus more Americans spending their tourist dollars in US vs. traveling overseas.
3. Ultimately, our real estate prices will be propped up by foreigners discovering what bargains we have. There is evidence this is already happening.

The main downside of the falling dollar is to our pride and prestige. It shows how we have mismanaged our affairs and are so into consumption and instant gratification instead of saving and self-control.

[EconProf]

BobS
There are actually several pluses to a falling dollar:
1. Our exports are effectively cheaper to foreigners, theoretically helping our balance of trade in the long run. US exports are up substantially this year and last year.
2. Tourism here up from foreigners plus more Americans spending their tourist dollars in US vs. traveling overseas.
3. Ultimately, our real estate prices will be propped up by foreigners discovering what bargains we have. There is evidence this is already happening.

The main downside of the falling dollar is to our pride and prestige. It shows how we have mismanaged our affairs and are so into consumption and instant gratification instead of saving and self-control.

[EconProf]

BobS
There are actually several pluses to a falling dollar:
1. Our exports are effectively cheaper to foreigners, theoretically helping our balance of trade in the long run. US exports are up substantially this year and last year.
2. Tourism here up from foreigners plus more Americans spending their tourist dollars in US vs. traveling overseas.
3. Ultimately, our real estate prices will be propped up by foreigners discovering what bargains we have. There is evidence this is already happening.

The main downside of the falling dollar is to our pride and prestige. It shows how we have mismanaged our affairs and are so into consumption and instant gratification instead of saving and self-control.

[Coronita]

 http://www.autoblog.com/2008/03/10/bmw-to-increase-u-s-production-in-2012-while-cutting-jobs-in-ge/

 

Good news: BMW to increase production capacity in U.S.

Bad new: BMW to lay off workers in Germany

Good news: BMW to add more positions in U.s.

Bad news: As if German cars weren't bad enough in quality, american assembled BMWs are going to get a lot worse (can you say BMW X5…)

Good news: prices of BMW might stay relatively constant, as having factories here churn out Bimmers might skirt the dollar depreciation and also skirt some import taxes.

Bad news: the warranty offered by BMW would probably be the same.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 http://www.autoblog.com/2008/03/10/bmw-to-increase-u-s-production-in-2012-while-cutting-jobs-in-ge/

 

Good news: BMW to increase production capacity in U.S.

Bad new: BMW to lay off workers in Germany

Good news: BMW to add more positions in U.s.

Bad news: As if German cars weren't bad enough in quality, american assembled BMWs are going to get a lot worse (can you say BMW X5…)

Good news: prices of BMW might stay relatively constant, as having factories here churn out Bimmers might skirt the dollar depreciation and also skirt some import taxes.

Bad news: the warranty offered by BMW would probably be the same.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 http://www.autoblog.com/2008/03/10/bmw-to-increase-u-s-production-in-2012-while-cutting-jobs-in-ge/

 

Good news: BMW to increase production capacity in U.S.

Bad new: BMW to lay off workers in Germany

Good news: BMW to add more positions in U.s.

Bad news: As if German cars weren't bad enough in quality, american assembled BMWs are going to get a lot worse (can you say BMW X5…)

Good news: prices of BMW might stay relatively constant, as having factories here churn out Bimmers might skirt the dollar depreciation and also skirt some import taxes.

Bad news: the warranty offered by BMW would probably be the same.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 http://www.autoblog.com/2008/03/10/bmw-to-increase-u-s-production-in-2012-while-cutting-jobs-in-ge/

 

Good news: BMW to increase production capacity in U.S.

Bad new: BMW to lay off workers in Germany

Good news: BMW to add more positions in U.s.

Bad news: As if German cars weren't bad enough in quality, american assembled BMWs are going to get a lot worse (can you say BMW X5…)

Good news: prices of BMW might stay relatively constant, as having factories here churn out Bimmers might skirt the dollar depreciation and also skirt some import taxes.

Bad news: the warranty offered by BMW would probably be the same.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[DWCAP]

oil, gas, and mining companies, many of them American companies, will make record profits as oil hits $109+ and becomes an inflationary hedge linked to currency flux rather than a comodity that moves on supply and demand. This will encourage more of them to increase production as much as possible and that will mean more jobs for US energy workers. American energy is produced in some of the poorest parts of this country and more jobs are always needed there.
Also Americans may finally start to value energy at its real cost, reducing emissions more than Koyoto ever could.

Bad News: This will embolden nut cases like Hugo C. and Putin II.
Extra Bad news: environment will take it in the ass as companies chase profits without regard to costs.

[Author]

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