The problem is the US economy is import oriented (think trade balance), US equities are foreign investment supported (think net TIC), etc... The week dollar is good for American companies, but bad for foreign companies. If the US keeps beggar-thy-neighboring the rest of the world with dollar devaluation, it will come back to bite it in the ass in an extreme way...
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
need one say more, Treasury's Geithner says US recovery better than expected th
- Thread starter piggie2000
- Start date
The problem is the US economy is import oriented (think trade balance), US equities are foreign investment supported (think net TIC), etc... The week dollar is good for American companies, but bad for foreign companies. If the US keeps beggar-thy-neighboring the rest of the world with dollar devaluation, it will come back to bite it in the ass in an extreme way...
that is how trade deficits get equalized.Quote from orange_trad:
The problem is the US economy is import oriented (think trade balance), US equities are foreign investment supported (think net TIC), etc... The week dollar is good for American companies, but bad for foreign companies. If the US keeps beggar-thy-neighboring the rest of the world with dollar devaluation, it will come back to bite it in the ass in an extreme way...
if they were to measure the stress of the "man on the street"
especially in midtown, or downtown, just after layoffs, or just after that 15th luncheon with former colleagues and nothing in sight from all that networking,
then I am sure non of these officials would be saying anything is over or getting better....
it almost makes one feel guilty for still having a job, and having to dodge all those out of work people on the street corners....
especially in midtown, or downtown, just after layoffs, or just after that 15th luncheon with former colleagues and nothing in sight from all that networking,
then I am sure non of these officials would be saying anything is over or getting better....
it almost makes one feel guilty for still having a job, and having to dodge all those out of work people on the street corners....
Quote from Clubber Lang:
How can we have that recovery when all the people who were laid off have no money to spend?
and new grads cannot find work, and those laid off may never get back into their fields, our national debt may double within a few years
Yes, we are in really great shape... to go belly up...
Quote from Clubber Lang:
How can we have that recovery when all the people who were laid off have no money to spend?
Good point.
2000 (and 1990) were jobless recoveries because consumer credit (debt) supplanted employment losses.
1 person spent for 2.
Consumer debt is already very high (unsustainable). We get another bubble, and its done.
The next Bubble will be the end of America. Guaranteed.
Quote from circadian:
This is will go down in history as the most superficial recovery of all time. Fed and Treasury know how to quick-fix things and give people a false sense of security. This is all this is about...a quick fix at the expense of future economic prosperity and stability.
as Gibbs would say:
"Ya think?"