FlyerTalk Forums - View Single Post - Appreciation of dollar.
View Single Post
Old Dec 21, 2011 | 5:59 pm
  #43  
Ancien Maestro
Suspended
 
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
Originally Posted by florin
That's debatable. The US economy was stronger at the beginning of the Reagan days... until the Reagonomics kicked in.

The weaker € favors European exports (because European products are now cheaper on the US market). Conversely, US products are now more expensive for Europeans. In this context, normally I'd say that EU wins (they get to sell more, therefore produce more, therefore have more people employed), but the fact is that the US economy being weaker, there is less demand for EU (or any) products.
I was reading in 2008 and 2009.. US printed money and doubled the currency circulation to avert a debt crisis.. this was done in secret, but now is public knowledge..
Ancien Maestro is offline