A weaker dollar
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 29 August 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
Why is the U.S. dollar losing steam? The short version: Falling demand for the currency drags its value down. Since the Federal Reserve is likely to cut interest rates soon, investors aren’t racing to buy U.S. bonds. And you need U.S. dollars to buy U.S. bonds … you get the picture. In this episode, more on currency fluctuations — and why the dollar losing value isn’t all bad. Plus: Businesses investing in themselves drove up second-quarter GDP, China has a burgeoning black market for Nvidia semiconductors and human bodies make great compost.
Transcript
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| 0:59.0 | First of all, the economy is growing growing we'll talk about that and then dollar general or the US dollar |
| 1:08.7 | which one do you think is having a rougher time. From American public media, this is Marketplace. In Los Angeles, I'm Ka Rizdahl. It is Thursday, today the 29th of August. |
| 1:30.6 | Good as always to have you along, everybody. |
| 1:33.2 | Let us pause here for a moment as we get going |
| 1:36.4 | for two observations. |
| 1:38.4 | Observation number one, and generally speaking, |
| 1:41.8 | this economy is pretty good. I mean sure the labor market is a bit bumpy but by and large it's pretty good. |
| 1:48.6 | Observation number two it might actually be this economy better than we'd thought. |
| 1:54.9 | We learned from the Commerce Department this morning in its regular update that gross domestic |
| 1:58.9 | product for the second quarter grew at an annualized rate of 3% April to June. That's more than twice as |
| 2:05.0 | fast as the first three months of the year. Accounting for the improvement in GDP, |
| 2:09.8 | the Bureau of Economic Analysis says increases in consumer spending, inventories, and something |
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