06-04-2008, 12:22 PM
People can't buy american goods cause of a weak dollar because most goods aren't made in america anymore. A weak dollar just means that you pay more for shit from China or you cut back. Or worse, the Chinese could dump the weak dollar for euros, further driving down the dollar and making shit even more expensive.
This market correction is going to hurt. I just hope it doesn't hurt too bad.
Dave-Since finance is your gig, can you give us an idea of how this global credit issue is going to shake out? If corporations can't get access to credit in the immediate future, how is this not going to hurt growth and lead to a recession of some sort?
This market correction is going to hurt. I just hope it doesn't hurt too bad.
Dave-Since finance is your gig, can you give us an idea of how this global credit issue is going to shake out? If corporations can't get access to credit in the immediate future, how is this not going to hurt growth and lead to a recession of some sort?
Two feet.