Saturday, November 19, 2011

Is the dollar going to go up or down because of this debt crisis?

I don't know much about the economy, debt ceiling, debt deal etc...my boyfriend is european and he is getting a loan for 14,000 euro. he is planning on changing it to dollars so that he can buy a car in the US since he lives there. He is worried that maybe he changes the euros next week and the dollar went up and he wont get as much money as he would have if he changed his euros to dollars before this deal is reached. does anybody know?|||Nobody knows for certain except God, and He's not telling us.





I'm guessing that the dollar will continue to drop in value, because, as the economy continues to make its slow recovery, all of those TARP dollars and stimulus dollars will come out of business' pockets and start circulating, which means that more dollars will be chasing a very slowly growing amount of goods and services.|||Now would be a good time for him to convert. Both the Euro and the Greenback are on shaky ground. One or both could fall but I'm expecting the dollar to strengthen slightly over the next 2 months with a significant increase in the final quarter.|||Down. Interest rates will go up. Costs will go up. Economy will go down. Stock Market will go down..... Down, Down, Down.

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