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!
I love it when you won’t (can’t) answer my questions.
I will happily settle for just three or four valid examples.
Don’t worry toddster, you’re still ok in my book.
I guess he changed his mind since then? LOL!
There is a hard core group on FR that posts nothing but negative news. I don’t have any trouble finding bad news. I turn on my TV and can get it 24/7.
I’m not hiding my head in the sand, but damn it, I tune in to FR to find the news that is not reported. Those constantly focusing on bad news and sharing it on FR pisses me off. This constant stream of bad economic news that the posters want to shove in our face serves no purpose other than to confirm THEIR view of reality. They seem to enjoy wallowing in bad news all the while with big sh*t eating grins saying “See! See!”
What you focus on and pay attention to creates your reality. My reality doesn’t suck. If I have more years like 2007, I’ll be retired in less than 10 years.
I’ll await the same from others, and then I’ll be happy to provide additional examples.
Ok, thank you for sharing. I didn’t realize we were discussing bad news.
You asked him to provide a fact? That would interfere with his emotions. LOL!
Interestingly, no! He was asked in the last couple of years whether he would change anything he had written in that passage - “Not one word”. Certainly you cannot find fault in his premise nor logic. Right?
We are right where he knew we would be. You’re right, he wouldn’t change one word of it today.
Agreed, that’s nutty!
I for one, am thankful that I don’t have to come up with 50 or 60 per cent down in cash on a house; “the good old days”.
Further, the mortgages typically had to be renewed anywhere from every six months to a few years. If moneybags wanted your ranch, he’d just buy the note from the bank, and demand payment in full. Modern banking works, mostly.
What I take issue with is the dilution of purchasing power on nominal numbers which affects those on fixed incomes, retired folks, elderly, and the poor. Inflation reduces the “propensity to save” and We don’t need gold coins or unobtanium bars for the money supply but essentially the alternatives are to place our trust in the honesty and wisdom of (often) politicians.
You don’t find fault in Greenspan’s premise or logic...but you think post #285 is nutty? Where’s the disconnect? I’ll admit, it could be my perception, but I don’t see how you could agree with the Greenspan comments and see post 285 as nutty.
Greenspan is a free trader.
I like fair trade myself.
You are nuts! Oops, sorry. You are misguided.
I like the government out of my business.
That would be quite nice, yes.
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.