That's kind of an irrelevant comparison. As Travis says, if we produce $10 trillion in GDP, it's still $10 trillion in GDP whether you also measure it in kopecks or euros or whatever. Just doesn't matter at that level.
Where it does matter is, a cheaper dollar makes our exports more competitive and imports into the US less competitive. Generally that leads to higher inflation to a minor extent (it isn't more because of China's peg to the dollar), but also shifts more production to local companies...leading to greater employment. And how much do we need to buy from Europe that China can't make for us anyway? Remember, China pegs it's currency to ours to within a very narrow band. In any case, the stronger competitiveness is why, when they don't have freely floating currencies, countries around the world devalue their currencies by fiat when they are having economic problems. It's also why countries that have very strong fundamentals like to peg their currency to the dollar. It artificially strengthens their competitive position. Basically, a weakening dollar means we buy less from Europe and they buy more from us. Even oil is denominated in dollars so that doesn't change directly in cost with a "weakening" of the dollar. If you want to visit europe, it's a bitch, but other than that, it's not such a big deal. Our Federal policy has long been to have a strong dollar, but that's at least partly as an implicit support for developing nations, not just support for our own. Chuck On Oct 9, 2009, at 10:50 AM, Jeff Broadwick wrote: > According to an article I read a couple days ago, our GDP if > measured in > Euros is off by 25%! That is the effect of devaluing our currency. > That > WILL have long-term effects on our standard of living and our place > in the > world. > > Jeff > > > -----Original Message----- > From: [email protected] [mailto:[email protected]] > On > Behalf Of Travis Johnson > Sent: Friday, October 09, 2009 10:37 AM > To: WISPA General List > Subject: Re: [WISPA] American Dollar. Was: Re: Barriers to WISP growth > > I understand that.... so instead of bread costing $2.00 per loaf, it > goes up > to $2.10. > > So because of that "fear", everyone wants to find a different place > to put > money besides a bank? Seems strange to me. > > Travis > Microserv > > Jeff Ehman wrote: >> Imports cost us way more money. That may not directly affect any > individual consumer, but it does impact nearly every manufacturer. > Cost of > production increases greatly. The only way they can make money is to > increase their prices to distributors who in turn have to raise the > price to > individual consumers. It creates inflation. >> >> -Jeff Ehman >> >> From: [email protected] [mailto:[email protected]] >> On Behalf Of Travis Johnson >> Sent: Friday, October 09, 2009 8:26 AM >> To: WISPA General List >> Subject: Re: [WISPA] American Dollar. Was: Re: Barriers to WISP >> growth >> >> I've never understood this thinking... who cares if the dollar is >> "worth > less" to the rest of the world? If it will still buy groceries, or > pay my > power bill, why does it matter? >> >> Travis >> Microserv >> >> RickG wrote: >> >> "put some money in the bank" >> >> The question is: which currency? >> >> With the dollar falling (or failing) what good is it going to do in >> the > bank? >> >> I guess I'll just keep pouring it back into the company because its >> >> gonna be worthless soon. >> >> Any other ideas guys? >> >> -RickG >> >> >> >> On Thu, Oct 8, 2009 at 11:57 AM, Marlon K. Schafer > <[email protected]><mailto:[email protected]> wrote: >> >> >> >> Yeah, what he said! >> >> >> >> I'm gonna work REALLY hard to pay down debt and put some money in the >> bank >> >> over the next 3 or 4 years. I want to be ready to pick those >> companies > up. >> >> marlon >> >> >> >> ----- Original Message ----- >> >> From: "Marco Coelho" <[email protected]><mailto:[email protected]> >> >> To: "WISPA General List" >> <[email protected]><mailto:[email protected]> >> >> Sent: Thursday, October 08, 2009 8:20 AM >> >> Subject: Re: [WISPA] Barriers to WISP growth >> >> >> >> >> >> >> >> Patrick, >> >> >> >> Not being one for gov money.... >> >> >> >> We have excellent credit. We have that because we only expand at a >> >> rate the will allow funding (new business) to cover our costs. So >> the >> >> cycle goes: >> >> >> >> 1. Build out X number of Towers. >> >> 2. Market X number of Areas. >> >> 3. Install Customers to X*Y until well funded. >> >> >> >> Repeat. >> >> >> >> I think a lot of the companies that take stimulus money are going to >> >> go under in the long run. They will go like the dot-coms. Build >> >> build Build.... Ah shit no revenue! >> >> >> >> That being said, we are vertical, all workers work for the company. >> >> That is the only way you can control quality. Good employees are >> very >> >> hard to find. For every 100-200 applications/resumes, maybe 10 are >> >> worth talking to seriously. You're lucky to find 1 that is worth >> >> hiring. >> >> >> >> Always a ray of sunshine! >> >> >> >> Marco Coelho >> >> Argon Technologies Inc. >> >> >> >> >> >> On Wed, Oct 7, 2009 at 7:25 PM, RickG > <[email protected]><mailto:[email protected]> wrote: >> >> >> >> Patrick, >> >> >> >> #1- Labor: There is very little skilled resources here. >> >> #2- Funding: Especially for labor. Normal financing channels are >> >> available but I will not take on too much debt at one time. >> >> #3- Time: There is little extra time to dedicate towards expansion >> >> versus daily operations. >> >> >> >> Notes- >> >> Employees: Too small to enjoy such a "luxury". >> >> Stimulus: I don't believe in it and did not apply. >> >> Technologies: Proprietary equipment are a bit too expensive unless >> you >> >> buy CPE in 100 packs. Even then, the AP's are still expensive. >> >> >> >> -RickG >> >> >> >> On Wed, Oct 7, 2009 at 11:37 AM, Patrick Leary >> <[email protected]><mailto:[email protected]> >> >> wrote: >> >> >> >> Regardless of your tech choice -- Moto, 802.11-based, WiMAX or other, >> I >> >> am interested to know what are the greatest barriers to growth and >> why? >> >> >> >> Some possibilities: >> >> Is it funding and if so, are your normal channels for money frozen or >> >> otherwise gone? >> >> Is it competition? If so, how specifically. >> >> Are you constrained from hiring due to high cost of employee benefits >> >> (e.g. health insurance)? >> >> Are you stalled waiting for response from your stimulus application? >> >> Are you stalled trying to defend against someone else's stimulus >> >> application that would include your market? >> >> Are the current technologies too expensive or technicall inadequate >> to >> >> deliver what you need to compete? >> >> >> >> Patrick Leary >> >> Aperto Networks >> >> 813.426.4230 mobile >> >> >> >> >> >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wants You! Join today! >> >> http://signup.wispa.org/ >> >> ---------------------------------------------------------------------- >> ---------- >> >> >> >> WISPA Wireless List: [email protected]<mailto:[email protected]> >> >> >> >> Subscribe/Unsubscribe: >> >> http://lists.wispa.org/mailman/listinfo/wireless >> >> >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> >> >> >> >> >> >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wants You! Join today! >> >> http://signup.wispa.org/ >> >> ---------------------------------------------------------------------- >> ---------- >> >> >> >> WISPA Wireless List: [email protected]<mailto:[email protected]> >> >> >> >> Subscribe/Unsubscribe: >> >> http://lists.wispa.org/mailman/listinfo/wireless >> >> >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> >> >> >> >> >> >> >> >> -- >> >> Marco C. Coelho >> >> Argon Technologies Inc. >> >> POB 875 >> >> Greenville, TX 75403-0875 >> >> 903-455-5036 >> >> >> >> >> >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wants You! Join today! >> >> http://signup.wispa.org/ >> >> ---------------------------------------------------------------------- >> ---------- >> >> >> >> WISPA Wireless List: [email protected]<mailto:[email protected]> >> >> >> >> Subscribe/Unsubscribe: >> >> http://lists.wispa.org/mailman/listinfo/wireless >> >> >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> >> >> >> >> >> >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wants You! 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Join today! >> http://signup.wispa.org/ >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wireless List: [email protected] >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> > > > ---------------------------------------------------------------------------- > ---- > WISPA Wants You! Join today! > http://signup.wispa.org/ > ---------------------------------------------------------------------------- > ---- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > -------------------------------------------------------------------------------- > WISPA Wants You! 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