Posted on 01/02/2015 6:38:32 PM PST by BenLurkin
Propelling the rally is anticipation of the Fed’s first interest-rate increase in almost a decade, a move widely expected to come this year. The Fed is preparing to raise rates from near zero amid steady improvement in the U.S. economy and labor market since the financial crisis.
(Excerpt) Read more at wsj.com ...
They will raise the rate from zero to one eleventy-millionth of a percent.
Obama has saved us all!
Yet people will still post on here that Obama is destroying the value of the dollar.
Uh, is that sarcasm?
No matter what the dollar does against other fiat currencies, it is still being destroyed by federal money printing.
Clearly, other currencies are being destroyed more so by their own central bank QE activities.
If our dollar is in fact outstripping these other countries currencies, the first thought I had was the world is economically screwed up.
What could these other countries be doing to fall behind us?- Tom
When those hundreds of trillions start coming home, it’s a long way down.
“What could these other countries be doing to fall behind us?”
When you flush a toilet, there is only one vortex; the U.S.A. is it.
A stronger dollar means overseas labor is cheaper in dollar terms. It encourages both immigration and outsourcing, while increasing the trade deficit.
I saw that. Oh Well, the cleanest dirty shirt theory.
For at least a decade (probably going to fifteen years), it’s been US policy to make the dollar cheap and compete for business via dollar devalued actions. I’d admit it’s stupid, but it worked with Europe and helped to create some business opportunities. Europeans could do vacations in the US....on the cheap side. But this was all ‘fake’. In Germany, we were paying soldiers and airman a tremendous amount of housing money (probably twice what you’d pay for housing in the US).
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