Weaker US $ Helps US Exporters ! ~ OOPS ... Maybe NOT.

[gunDriller]

Alcoa kicked off the earnings season ... this is the earnings season that is expected to end in tears as the full impact of Fukushima and recent economic Problemas show up in corporate earnings.


"Alcoa's earnings matched the consensus of 32 cents, according to Thomson Reuters I/B/E/S.

Revenue rose 27 percent to $6.6 billion, beating Wall Street estimates of $6.3 billion.

But the company said strong demand for aluminum and higher prices were offset by higher energy and materials costs and a weaker U.S. dollar, which makes it more expensive to import raw materials."

http://finance.yahoo.com/news/Alcoa-Q2-profit-jumps-on-rb-1290225445.html;_ylt=ArfMYSk00Uq.cG4ZqbdBIhq7YWsA; _ylu=X3oDMTE1dmJza2hkBHBvcwMzBHNlYwN0b3BTdG9yaWVzB HNsawNlYXJuaW5nc3NlYXM-?x=0&sec=topStories&pos=main&asset=&ccode=


BUT - wasn't the weaker dollar supposed to HELP exports ?

I guess that only applies if the US exports something with no imported raw materials.

Like, computer software and Hollywood crap.


Personally, I like it when the MSM slips up and tells the truth.

It was always obvious that the "weaker dollar helps US exports" storyline was ... weak.

But to see it admitted on Yahoo Finance !


I think they slipped up.

[Ponce]

Well, what counts is the final page of the financial book.........the US is screwed no matter what.

[Horn]

Part of the deal for U.S. corp to do business in foreign countries was to create systems for them to become self sustainable.

What makes anyone think they will sustain the U.S. now?

[mick silver]

and pay no taxes on our gain . just one more nwo company

[General of Darkness]

Well I hope to high hell the Euro crashes and I can afford some decent property on the Adriatic. At this point I want a stronger dollar, because it's in MY INTEREST. Everyone looks in their interests. ;)

[gunDriller]

Well I hope to high hell the Euro crashes and I can afford some decent property on the Adriatic. At this point I want a stronger dollar, because it's in MY INTEREST. Everyone looks in their interests. ;)

i thought you were banned ? glad to see you're back.

you got your wish about the Euro.

if you're serious about buying prop. on the Adriatic, i'd book a plane flight soon. i think the Euro is going back to par with the dollar, if you're there shopping when it happens, you'll catch some of the best rates.

before everybody realizes they jumped from the frying pan (Euro) into the fire (dollar).