For the millionth time, yes, exports increase for US companies who sell overseas. Obviously that's great news when you are exporting. Personally, I see great benefits on a daily basis but it doesn't mean it's a good thing for the broad majority of Americans. The most noticeable impact is gas though food prices are not far behind.
This also means loss of control with big companies such as Anheuser-Busch falling prey to businesses who have cash as well as a strong currency. A weaker dollar makes buyouts much easier. Buyouts from foreign companies isn't the end of the world though it certainly changes the dynamics of a company. Hiring practices change, as any number of companies overseas would admit when they've been bought by US companies.
Monday, July 07, 2008
The crumbling dollar and cost increases
by
Chris in Paris
on
7/07/2008 06:34:00 AM
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