Don?t Like a Weak Dollar? Might as Well Get Used to It

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Don?t Like a Weak Dollar? Might as Well Get Used to It
<!-- | http://madjacksports.com/forum/#comments_controls
-->Jeff Cox

CNBC.com
April 25, 2011

Weakness in the US dollar, which is causing everything to go up?including gas prices, food and stocks?is unlikely to go away soon as a selling frenzy hits the currency market.

The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world?s predominant national currencies.

A combination of factors accounts for the weakness, with the Federal Reserve?s easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

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A couple of comments from the article:


Apr 21, 2011 02:35 PM ET

According to this and other sites, we live in the "Better Get Used To It" age, also referred to as the "New Normal". Don't like high unemployment? Better get used to it. Don't like high gas prices? Better get used to it. Don't like high food prices? Better get used to it. Don't like a weak dollar? Better get used to it. Don't like financial institutions raping and pillaging this country? Better get used to it. It's the new normal.


GenerationX | Apr 21, 2011 02:39 PM ET

Don't like moral hazard? Better get used to it. Don't like paying over 30% of your income for health insurance premiums? Better get used to it. Don't like working for peanuts because the jobs are going overseas? Better get used to it.

Congress: Don't like getting voted out because you could care less about your constituents or your country? Better get used to it!