A mid-size company supplying parts for the mattress industry told me the falling dollar means they can't import some fabrics from Spain anymore. They'll have to purchase more materials from China.
I'm writing a web site for them and the Spanish supplier is known for its quality.
That's one way the dollar falling against the Euro impacts a mid-size business. Does this mean China will benefit more from American companies?
If you're interested in reading more, here's an interesting article from Jim Jubak of Jubak's Journal on why the dollar keeps falling.
By the way, this is not unexpected. My financial advisor over the summer told me to diversify more with international funds. He says the shakeout from subprime loans should continue for about 3 more years and then it will straigten out. More homeowners by then will have fixed rate mortgages and that will bring more stability in the housing market.
How does the falling dollar affect you and is it a concern for you?
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