Name: How much does a weak Euro benefit American consumers
Uploaded: 2015-03-13
Duration: 1 min 10 s

You know, with the euro where it is right now, it's really, it's actually big companies have come out in the US and said that this is really hurting our results. Yeah, but the difference between the US economy and an economy like Germany for instance, is that we're a relatively closed economy trade. Only exports only account for something like 10 % of GDP here so, we're much able, much more able to withstand a stronger dollar than say, the German's are able to withstand a strong Euro. And, Steve, what about the American consumer, besides the travel deals. We all know it's gonna be really cheap to go to Europe this summer, besides that what are the benefits for American consumers? The, the cheap- To a low euro? A low euro? I mean, I, the, the, my Italian shirt maker here, my, my shirts'll cost a little less. Import. Right. I mean, it's, you, you can buy goods a little cheaper. European countries. Companies can lower prices. So there's a benefit there, but, you know, one of the benefits that, that is kind of a knock- on benefit, should be the lower, lower oil. Right? The gas prices are lower, and we haven't seen a huge uptake in the economy because of that, yet. [ MUSIC ]