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Frozen Mortgage Rates? Agree or Disagree
#29
You've been drinking too much Republican juice Evan. Tongue

Yes it helps exporters (why China does it) but at what cost?

Here's an excerpt about the downsides...

The dollarÔÇÖs fall will reduce the huge international subsidy enjoyed for two decades by the US economy, ultimately shrinking the standard of living of US citizens. What will be the effect of a crumbling dollar on the US stock markets and other investment vehicles, as foreigners withdraw their funds out of fear that the dollar may fall further? And how may this all affect US foreign policy, WashingtonÔÇÖs enormous military apparatus, and the costs of campaigns in Afghanistan, Iraq and elsewhere?

There's that and fact that I don't want to have to pay twice as much for everything in England. :wink: It really whores international travel both for leisure and business. It costs more to do business overseas, increasing expenses.... how do companies cover those expenses? Raise prices.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944

"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
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