Geithner Says Strong Dollar ‘Very Important’ to U.S.

Quote from Ivanovich:

Drain the liquidity. Stop the purchases by the Fed. Raise rates to lows, but normal lows (1.5% ish).

Blast fiscal responsibility into Congress and the Senate. Reject further stimulus measures.

Right taxation laws that make sense and are pro-business, pro-jobs. In fact, put in a flat tax.

Of course, all of this is political suicide as we'd have to take our lumps finally, but we'll have to take them sooner or later. At least THIS way we come out of it with a stronger nation.

Lil' Timmy and Banana Ben are fucking criminals.
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bravo
 
Quote from Kassz007:

Can anyone think of a catalyst that might stop the USD nosedive?
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What would you do if you had a lot of debt and wanted to get rid of it? You would probably spend less money and get a second job. However, our political leaders are spending MORE money, not cutting spending. If they CUT spending, they would not have to print as much money. I guarantee that if the world saw our government making dramatic spending cuts on social programs and military spending and printing fewer dollars, the value of the USD would rise. But I also guarantee that such dramatic spending cuts will never occur under this administration, unless creditor nations threaten to stop floating our debt.

Oh, and about getting a second job, that is analogous to our country raising taxes. Get ready for the highest tax rates in history, coming soon.
 
If everyone has to unwind short dollar, could get strong fast. I'm not holding my breath, but it is a boogie man. This little bubble pops not much to prop it up again.
 
Quote from DrPepper:

What would you do if you had a lot of debt and wanted to get rid of it? You would probably spend less money and get a second job. However, our political leaders are spending MORE money, not cutting spending. If they CUT spending, they would not have to print as much money. I guarantee that if the world saw our government making dramatic spending cuts on social programs and military spending and printing fewer dollars, the value of the USD would rise. But I also guarantee that such dramatic spending cuts will never occur under this administration, unless creditor nations threaten to stop floating our debt.

Oh, and about getting a second job, that is analogous to our country raising taxes. Get ready for the highest tax rates in history, coming soon.
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You bring up an important point. The solution may eventually be forced upon us by outside entities (floating debt).
 
I iknow how to fix it. Cut government spending and simultaneously cut the taxes by the same amount. People will have more money in their pockets and it will be a less hostile environment for business, spurring additional business investment which would create demand for the dollar.

I'll take that nobel prize in economics now.

SM
 
Quote from adadadog:

:D
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Thanks Adadadog! I knew that there were others out here of sufficient knowledge and understanding that would be able to make the correlation of the content from the link to the present item of discussion - the "strength" of the dollar....or other such implements.

Please opine on my quandary: Was the info on the link to complicated for even the first year MBA student (of even our finest institutions)? Should I have prefaced with more information that could have helped elucidate such a complex comparison?

Regards,
gastropod
 
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