Posted on 02/05/2018 9:44:53 AM PST by SeekAndFind
Truthfully, the track records of such pundits is so poor that even the bookies would be embarrassed to take their money.
“$2m says the Chicago Cubs win the Superbowl!”
“Uh, first of all the Superbowl was yesterday, and... uh, forget it. Is 20 to 1 odds against good enough for you?”
“You betcha!”
This is an incontrovertible fact: No country has ever devalued its way to greatness and enduring prosperity. Ever.
...
But almost every country tries it. I hope Trump doesn’t fall for it.
I actually see the low dollar helping until we get the trade deals that we want.
A low dollar makes American goods cheaper so they can still compete despite the tariffs that our supposed free trading partners charge.
It makes their goods more expensive for import into the US.
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