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The Falling Dollar

The Falling Dollar

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You've got your George Washingtons, your Jacksons, your Hamiltons, and (if you're lucky), your Benjamins. Life seems pretty good. Until you realize that they're not as strong as they used to be. That's right, the dollar's a fallin' folks. What does this mean for Americans? Well, for one, travel abroad ain't cheap. Spend some time in any EU country, and you're spending nearly twice as much for a night at the Holiday Inn as you would in New York. Second, it could potentially lead to higher interest rates. On the flip side, the lower-valued dollar could stimulate US exports, keeping American workers busy and in demand. Then again, on the flip of the flip, imports are now more expensive, meaning that I'll have to think twice about getting that Benz I've been eyeing (ha). Solution? I say we just chuck it all and escape to Peru where the exchange rate is 3 nuevos soles for 1 US dollar.

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