Wednesday, November 21, 2007
Falling dollar a windfall for some
Unless you’re going abroad, the falling dollar can actually be a windfall. Locally, they’re cleaning up. Because the dollar fell to below the Canadian loonie, busloads of Canadians are coming to Maine malls to shop, giving a nice boost to the economy of this less than prosperous state. The Maine Turnpike, which used to give a discount to drivers paying tolls with Canadian currency, has cancelled that discount. Ch-ching!
From the Washington Post:
Exports and tourism are up, the embattled domestic manufacturing sector is reviving, Made in the U.S.A. is now a coveted label (see the next post for even more reasons) so let the dollar fall for a while and don’t fret. My Horse Sense theory of economics posits that economics is a cyclical phenomenon of fluidity. What goes up must go down, and the reverse is also so. Spend time, not money.
Happy Thanksgiving, all. My gratitude abounds.
Mainer, New Yawka, Beijinger, Californian, points between. News, views and ballyhoos that piqued my interest and caused me to sigh, cry, chuckle, groan or throw something.
Previous PostsThe bright side of bad news is that it's news
Number One on the Bridge
The most honorable gold we ever minted
Shanshan and the Belfast Poetry and Art Fest
Al Gore Wins Nobel Peace Prize
ZY to be released on Saturday
The Summer of Magical Maine Meanderings
watch out for that @$$hole!!!
Terror Alert Status
This Modern World
The Peking Duck
The Talent Show
Angry Chinese Blogger
Angry Chinese Blogger mirror
Open Letters to GWB
Web GizmoTechnorati Profile
The text of this work is licensed under a Creative Commons License, except those items which are cited, which belong to their original copyright holders. The photos and cartoons belong to their original copyright holders.