should mylot start paying more due to falling dollar
@clashing_titan (557)
India
November 7, 2007 6:13am CST
everybody knows that the US dollar is falling like anything in the international scenario...it is something that had to happen now or later because of the US policies - but not making this discussion a political one do you think mylot should start paying more coz of the falling value of US$?
The dollar fell to a record low against the euro on speculation financial-company losses from subprime-mortgage defaults will grow, prompting the Federal Reserve to cut interest rates a third time this year.
The U.S. currency declined versus all 16 of the most- actively traded currencies except the yen after Fed Governor Randall Kroszner said conditions for subprime-mortgage borrowers may worsen. It dropped the most against the South African rand, falling 1.2 percent.
and its a market prediction that The dollar will continue to weaken because the rate differentials move against the dollar
2 responses
@mensab (4200)
• Philippines
2 Dec 07
this is a very good question. i find the question timely and relevant. it is true that dollar is continuously depreciating against any currency. but the work that we do here measured by points earned is the same as before. it is good that you bring up this observation. probably and hopefully, mylot can rethink and consider increasing its points and dollar equivalent. or is mylot receiving dollar too from its sponsors? then it simply cancels out the depreciation of the dollar.
@Pompon (1757)
• Poland
7 Nov 07
It would be nice if they would but i don't think they should:P I mean they're getting paid in dollars and they pay in dollars and after that it's not their problem. thinking the way you do they should pay differently for each country because i can buy less for dollars in Poland than people in China. But that would be really silly;P
