Have you been to UK lately, or France, Italy, or Germany and tried to buy a cup of coffee or tea or wine?
Holy smokes.
We gotta get rid of this debt somehow. It’s killing us.
And that's a bad thing?..........
I have a "trade deficit" with Wal-Mart and Winn-Dixie.............
Worthless babble appealing to the clueless.
But they have to spend it in order to use it, else it's worthless...................
Don’t worry. Hillary will fix everything by eliminating the “the excesses of the market place,” giving everyone free health care, and increasing taxes on the rich.
The ability of the U.S. dollar to retain its reserve currency status is eroding due to the continuous increases in U.S. budget and trade deficits.
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All at the feet of Washington and its malfeasance. Tax and spend and give America away — they simply do not care about what they are doing to this country.
Meanwhile, companies making goods for export are working at capacity. docks and warehouses are covered up with stuff being readied to ship.
Workers are putting in long hours and working weekends to keep up. The Low $$ will insure the export boom continues and insure that countries with currencies tied to the $$ also benefit in the good sales times.
Indefinitely. I do it every day.
We give them pieces of paper with pictures of dead white guys on them, and they give us real good stuff.........
So we are on kind of a bad ripple right now, but the overall economy is still sound, and has good prospects of recovery. A few will be hurt (there always are in any readjustment), but rarely is the injury permanent or totally disabling.
America survived the Great Depression, in spite of all the efforts under the New Deal to prolong it far beyond the normal cycle. Natural market forces WOULD have had the problems solved by 1935, if all the social engineers had just kept their hands off. As it was, the Great Depression was worse in 1938 than it was in 1933.
Nothing in here I haven’t heard for the last 25 years.
In those 100 quarters only 6 had negative economic growth.
American prosperity is an amazing thing.
And when has this not happened before? The "rich" and the "poor" are where they are and both for the same reason. They both keep doing that which continues their status.................
Those job numbers are likely to be revised drastically upwards in another few months. Happens almost every time lately.
Healthcare is free, just ask Hillary.
Paul Craig Roberts used to be a pretty good read..... Now, he’s just a doom-saying loon of the Pat Buchanan stripe.
I have believed this to be the case for many years. When they calculate manufacturing domestic product in they U.S. they base it upon cost of the products sold, without consideration of the foriegn components in the actual products, I think.
We owe so much to so many and our labor rates are too high relative to other parts of the world.
Devaluing the currency will reduce our debts and make our exports more affordable to the rest of the world.
I think this may be why China is stubbornly sticking with pegging their currency’s value to the dollar. If they let it float their investments in U.S. Government securities could be devalued. The Chinese aren’t stupid. They don’t want to let the U.S. off the hook for what we owe them.
Also the U.S. Government has been using illegal immigrant labor supply much like the dollar money supply. The have allowed it to increase to drop the labor cost in the U.S. The beauty of this tactic is that these people don’t show up in unemployment figures. So when the economy slows they can be deported and there are fewer effects to show up in Labor Department statistics of economic performance. Keeps the voter ignorant, makes politicians happy.