[RatRipper]

Saw an article this morning that said the higher interest rates are hurting China more than anybody. THAT is why we are hearing this out of the UN. My answer: another 200 bp short term ought to help. I know it hurts our RE market, but RE is way over-priced anyway. The Chinese have stolen just about every bit of technology they have. Squeeze their thieving a$$es hard!!!!

[kabar]

The strong USD is hurting most of the world mainly due to the fact that oil and gas are priced and traded in dollars. It costs nations more money to purchase energy, especially the underdeveloped countries, which must subside costs for their populations. High energy costs and shortages are sparking civil unrest. And they are further bankrupting these countries.

Europe is in a similar predicament as they must purchase energy using currencies to purchase dollars that are declining vis a vis the dollar.