US Dollar at a steep discount, but better deals tomorrow!

[slamlander]

0.934 Swiss Francs to the Dollar!

All indicators are that it’s dropping fast. The Swiss National Bank has been ordered, by the Swiss Federal Government, to stop propping up both the USD and the Euro. It’s considered throwing good money after bad, at this point. Expect the drop to continue. It broke the 95 centime barrier last week. Without props,

Comments

[wisedonkey]

This isn't necessarily a bad thing. Making the US$ cheap means our goods will be cheap to buy. With China's exponentially increasing standard of living, they can't keep things cheap much longer, just ask Japan. Within a decade we'll be #1 again, dollar will be expensive, manufacturing lay offs, new business boom, "innovative" banking practices, a new moral panic or two, sudden collapse of those new businesses, market crash, a recovery, maybe a little armed skirmish, then a big collapse, wash, rinse, repeat until end of time.

[slamlander]

Yeah but ...
I have to live with expensive Swiss Francs :(
We pay 8.50 CHF for a basic cheese burger here ... at McDonalds! A Starbuck's Mocha Latte is 12.50 CHF here and my wife's employer (Boston based company selling their services to Big Pharma) is already complaining about the cost of the Geneva office, last year. :(

[wisedonkey]

Which reminds, I'm looking to buy something that costs about £350 with US$. Every week it creeps up in price a few cents. Going from ~1.5:1 to 1.6:1 becomes significant quick when talking about real money.