"Dollar is dead, US is in recession" whats your take on this????  

Dollar may be ill but not dead! It will have a looooooooooong time before it meets its death (I dont forsee this) because most of the 246 countries/nations/states have their FOREX reserves maintained in dollar denominations. and sixty percent of the IMPEX trade is quoted in USD, hence the dollar will live for long despite some spikes here n there on the chart. Boy it takes just four cents to print a hundred dollar bill. So cheap ah?

As for the recession it is not the first time, and there are corrective measure that can be applied. Its not a hyper inflation anyway and americans are not panicking yet.

Answered by keshto , an ibibo Master, at 9:00 PM on July 31, 2008

There you go. Dollar is sick but far from dead and your question comes at a time when it has shown renewed vigor recently, hmmm. The drop in crude prices will only strengthen it further. Things aren't looking fabulous but they are far from outright doomsday. Things merely look glum.

My view is we have a couple may be 3 hard not tough years ahead as far as US is concerned but you should be more concerned about India. We have a major energy, water and military crisis staring at us. We are peacefully debating American struggle for cake or bread ! Is our society in its right mind ?

Answered by Poonam Singh , an ibibo Master, at 1:45 PM on July 31, 2008

I wish dollar goes to drain !

Answered by Mahesh , an ibibo Advisor, at 11:06 PM on July 30, 2008

yes the decisisons taken by the president bush in the USA made the american econmy to slow down and make the dollar get sown in the recent days. i thin k the bush government had made lots of money spent in the cost for the warfare rather than for the basic needs so the the present situation prevailing. so this situation not only affecting the us but also the countries in which there are the industries and comapanies which have the deals with that country . so there we are seeing the slowdown of the industrial growth too!i certainly believe that the Bush govmt foreigh polivcy made this situation to come!

Answered by surendra , an ibibo Advisor, at 5:23 PM on July 30, 2008

That is an "over" exaggerated statement if there can even be such a term !

US recession is not yet formal if you would keep in tune with real news you would know US exports have risen by 18% which may very well stop US economy from a full blown recession. There is requirement of about 2 trillion US dollars to deal with the problem at hand and if the US government can extend the crisis to two years rather than one we might have a moderated growth for the next 2 to 3 years in US but no recession !

There you go. Dollar is sick but far from dead and your question comes at a time when it has shown renewed vigor recently, hmmm. The drop in crude prices will only strengthen it further. Things aren't looking fabulous but they are far from outright doomsday. Things merely look glum.

My view is we have a couple may be 3 hard not tough years ahead as far as US is concerned but you should be more concerned about India. We have a major energy, water and military crisis staring at us. We are peacefully debating American struggle for cake or bread ! Is our society in its right mind ?

Answered by vyj , an ibibo Citizen, at 2:36 PM on July 30, 2008

Your statement is partially right; Dollar is not dead, but the US econmy is slowing down, in other words passing through a period of mild inflation. The world economy is facing hardships because of this slowing down. No active wars are on. The US arms manufacturers, the suppliers of arms and armaments are not happy. As a chain reaction to one sector failing other sectors are also facing a recessionary pressure. All the ceonomies dpendent on US for their exports and imports are feeling the pinch and that is refelcted in our stock market indices.

Answered by Niraimathi , an ibibo Master, at 11:42 PM on July 29, 2008