Posted on 10/25/2007 8:12:27 PM PDT by Philistone
To read the MSM headlines (which I try not to) the falling dollar is the end of the world. Maybe Wall Street should get a Noble Prize for their work in "Global Dollar Cooling". But seriously, what are the effects of a weak dollar?
1) Increased exports. Last month's exports were among the highest on record. Trade deficit? What trade deficit? Boeing, Caterpiller, Microsoft, Apple, etc. all with surges in foreign export sales.
2) Outsourcing? What outsourcing? All of the sudden it becomes cheaper to employ an American technician than one from Bangalore.
3) Cost of living? (I love this part!) Since China has pegged the Yuan to the Dollar, everything we get from China costs exactly the same! Maybe this will convince them to unlink the Yuan. Then we'll REALLY see who's the best producer.
4) Buhh... buhh... buhh... but foreigners will stop buying American Treasuries! What? In order to buy Russian ones? Chinese ones? Venezualian ones? Give me a break.
A weak Dollar equals: more exports, more jobs, more tourists (spending money) and the same or higher standard of living.
Bring it on!
Thanks, that's a good one.
When toddler slams you as a “union supporter” that’s a badge of honor. You know you are doing something right
Yeah, unions are great. LOL!
You know you are doing something right
If you're a liberal.
“Ahhhh, the ole’ due diligence thing. That surely was not a good night sleep :)”
Hardly.............
“Interesting how a gumball can become so complex isn’t it? (lol)”
New course at Harvard Business School.....
“Guns, Butter, Gumballs”
Exactly!!!
Hey Dennis, I didn’t know you were a liberal? You mean all of those intelligent, thoughtful conversations we have had over the years were for naught? They must be, because somebody on this thread called you a liberal, and we know FReepers don’t lie! Oh, the shame of it all! :-)
Ah, yes, the Chicken Littles are out in force today.
If Daddy lost his job at the gumball factory, I’m sure he’ll have no trouble finding another job with unemployment under 5%. But historically low unemployment among Americans doesn’t fit so well with the “Sky is falling in the New World Order” story you are trying to sell.
Carry on with the gloom and doom, don’t let the facts get in the way of a good argument.
~~~
I don’t believe everything the Gubmint throws out,,,
What “kind” of job is another matter,,,
Factory jobs that leave this country never seem to come back,,,
More like a slo-slide than a fall,,,IMO,,,
A Know-it-all Nu’Yawk Lawyer should have no problem payin’
the heatin’ bill this winter,,,
Mite not be so easy for others in the North,,,
None of ya’ll will have any choice in the matter,,,
If ya’ll want to keep warm that is,,,
You're suicidal?
Now will you answer the question I posed to you? 2nd request.
You were serious? Do you really need me to answer something that's self evident?
Ping...:) Not too much to ask for, I wouldn’t have thought! lol
Ping...:) Not too much to ask for, I wouldn’t have thought! lol
Hey CM...this is a humdinger of a thread :) Lot’s a mud-holes, landmines and popcorn for all!!! LOL
~~~
Hey there,,,I got my hip-boots on...Gitin’ Deep...;0)
You’ve mastered the art of asking questions. Good for you. Just follow the person in front of you, you’ll be fine. Pay me no attention.
Very little intellectual discussion. Name calling and insults seem to be the theme of the free traders today, which is par for the course.
Hey don’t leave me out...I was just called a liberal too!
” Name calling and insults seem to be the theme of the free traders today”
Post your list again.
A weak dollar equals a near total lack of mortgage lending funds.
“Below are the 10 factors used for determining a county’s ‘Freedom’
Business Freedom
Trade Freedom
Fiscal Freedom
Freedom from Government
Monetary Freedom
Investment Freedom
Financial Freedom
Property rights
Freedom from Corruption
Labor Freedom
Note that ‘Trade Freedom’ is but only ONE of the 10 listed, yet free traders will beat others on the head over the term freedom, while relying on this as a foundation. I don’t agree with that at all. That’s the stinger. If my nation will drop it’s standard of living in order that Bolivia’s Degrees of Freedom gets closer to ours, I’ll throw a flag up.”
And if that makes a person a liberal, then by golly they must be the most patriotic, individual rights loving group around. Must be a pretty good secret.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.