The Dollar slide hurts
For non-US residents a slide in the dollar is painfully obvious. You see it every time you get paid by an American company be it Adsense checks from Google or affiliate commissions from CJ.
US citizens who get paid in dollars often miss this decline. Other events are blamed even after taking notice of the double-digit inflation around us (sorry, I don’t care what the official numbers are, my “basket of goods” doesn’t substitute a McDonalds hamburger for a New York Strip Steak.)
So what is the future? Does the dollar continue to devalue against nearly all other currencies? Perhaps. There are countless factors in play right now that don’t look very good.
This is a market. Things adjust. Just like rising oil prices, some will lose while others will profit. Its all about how you position yourself. The dollar slide hurts most for those who continue to pretend its not happening.
Stupid post. Has nothing to do with your blog. What are you an economist now? This post has poor link bait written all over it.
Comment by Joel Tao — June 10, 2007 @ 2:10 pm
Well I don’t know who you are, but it happens to be a big deal for Canadian webmasters when they see their incomes take a dive. As for the economics stuff, go back and read the countless other posts I’ve made on this blog.
Comment by Andrew — June 10, 2007 @ 9:59 pm
I like these posts Andrew. I’d just ignore that troll. Obviously he doesn’t know your blog.
Comment by Marc — June 11, 2007 @ 12:10 am
Double digit inflation? Inflation is running at around 3%/year.
Comment by joseph orlando — June 11, 2007 @ 5:48 am
The decline in value of the US dollar has certainly hurt me in the UK as most internet transactions are done in dollars.
We used to get about 1.5 dollars to the pound, now its 2.
This is great for the US but it sucks for the rest of the developed world, damn you strong sterling and stable economy and moderate inflation. Damn you all to hell.
Comment by TextAdSearch — June 11, 2007 @ 9:07 am
Double digit inflation.. it depends on your “basket of goods” which has a lot to do with where you live as well. I’m thinking specifically energy costs, housing (2 way street right now depending on your region), healthcare, education, insurance, and to some extent even food (thanks in part to the ethanol craze.)
Comment by Andrew — June 11, 2007 @ 3:49 pm
it is a big deal. you’re absolutely right.
the exchange rate is horrible.
every month i get all my cheques from the u.s. companies it is even more worse then last month… this sucks big time.
i hope the u.s. economy “hits the fan” soon and the people start realizing that their system doesnt really work out in a global sight…
Comment by The Blackhat — June 12, 2007 @ 8:13 am
Bad news guys. Our market is strong and poised to make significant gains over the next 10 plus years. People aren’t risking their lives to get in here because it sucks. Even the non-English speaking “illegals” are earning 20 to 30K a year doing work “most Americans” will not do.
Comment by Nashville SEO — June 12, 2007 @ 10:41 am
My blog has several articles on this.
I think the dollar (while bullish in the short term) will continue to drop in the long term.
I think the Loonie will achieve parity with the USD too.
However, as with all things, the bad times will end and the USD will regain its strength. But that might be several years out.
Maybe you could ask to get paid in egold instead
Comment by Wealth Building Lessons — June 13, 2007 @ 6:43 pm