What form of growth, here in the U.S., will cause the dollar to go up?
“Eagle diesel” - otherwise known as natural gas. You guys are headed for a revolution in energy production.
Will the new revenues be enough to beat the colossal self-imposed burdens on America? Maybe.
But America should beware of becoming an arid, socialist extraction economy. It needs to reduce Government and use its cheap energy to bring industry in from abroad.
What form of growth, here in the U.S., will cause the dollar to go up?
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anemic growth rates like we have this year (of roughly 2%)will still add 200 billion to federal revenues. All that’s needed is for federal spending to be throttled back slightly as is happening this year — for the next four years and deficits will be down to 400 billion by 2016.
At the same time increasing oil production will dramatically slash US trade deficits.
There are few energy independent countries with weak currencies.
Lower federal deficits and lower trade deficits is what pushes up the dollar.