세계 경제 뒤흔든 달러 약세
세계 경제 뒤흔든 달러 약세
The dollar reached its lowest point ever. The dollar has slipped drastically against other currencies 통화. Meaning, it’s not the best time for that European vacation. A cup of coffee with milk in Paris will set you back <비용을> ~에게 지불시키다 $5 or $6 if you tip. Here at home 국내에, a bottle of French champagne may cost twice as much.
So what, you say. You see a bottle of bubbly 샴페인 and think luxury. Small business owner Steve Mazel thinks jobs. Namely 즉, the jobs of the people he may have to lay off <구조조정으로> 해고하다 because business is flat 활기 없는, 침체한. “There are periods when you pray to god someone walks in the door and starts buying something.”
It’s not just wine. America’s addiction 탐닉, 중독 to corn and corn products means we import 10 billion bushels 곡식 따위의 계량단위 a year. And it’s costing 2 cents more per box of cornflakes than last year, and rising. “The US imports a ton of stuff and whether it’s high-end 최고급의 stuff like Rockford cheese or just basic electronics that we’re getting from China, a weak dollar makes everything more expensive.”
That also includes oil. It’s not just filling up that hurts. The rising cost of getting food to market means the price of milk is up 17%. Cheese up 15%. And bread 12. Be prepared to pay even more.
The Federal Reserve 연방 준비 제도 이사회 is considering slashing 대폭적으로 인하하다 interest rates further, perhaps by a full percentage point. President Bush is meeting with his economic advisors on Monday to decide how much more to intervene 개입하다, <특히 통화 안정을 위해> 시장 개입하다. The US financial system has come up insufficient 부족한 funds. And it looks like the