UCLA dude, you’re inviting a dogfight with the Income people. The Commodity war is on. I am realist as you and will watch the market. Good Luck.
btt
Well, am I glad I’ve got what most people would regard as an absurdly aggressive investment position in terms of the percentage of my assets I’ve got overseas. ^_^
Rising energy costs combined with the congresses passing on this minimum wage hike are gonna drive the cost of goods and services through the roof.
My income isnt tied to the min wage. Yours probably isnt either.
Retirees on fixed incomes are gonna get squeezed hard
The Telegraph has been predicting a U.S. economic meltdown for months.
I may be wrong, I’m skeptical that things are really that bad.
However, there is a bright side -
Suddenly, those imports look a lot less attractive. That means that shipping jobs to BFE-istan look a lot less attractive.
And, our goods and services are a lot cheaper for foreign buyers. That means our manufacturers should be going nuts making parts for export.
Ambrose is a very reputable reporter, but the sources he quotes don’t make sense to me. The dollar is weak when there is too much liquidity, yet the fear of a credit crunch is stated as the cause. U. S. monetary policy is definitely at fault, and it’s causing a loss of confidence in the dollar IMO.
We’re DOOMED! /sarc
Does character count yet?
Its amazing to me that this has been going on for two and one half years with no one taking much notice....except for those who have to spend their US dollars internationally.
Kind of odd, although not unexpected, to see this headline after the dollar has been sitting a couple weeks at a level and is up slightly against the Euro today.
My dad used to get these newsletters from Ambrose Pritchard....boy were those things funny. Although, he predicted this stuff 10 years ago, perhaps it is now coming to pass.