by nvrgnbk 21 Replies latest jw friends
Sorry guys, but i'm loving the weak dollar at the mo. I've been buying stuff from the states recently and saving myself a bundle even with import tax added, also went on holiday to new york recently and that was as cheap as chips too.
In addition I find it amazing that i can travel to the US, including transfers, for the price of two days wages.
If the dollar drops 30% that means imports will be 30% more expensive and exports 30% cheaper. It can actually help the economy short term.
There in lies the problem we need to import things to make the things we export. So there goes that argument. Dollar weakness will hit profit margins harder.
