The death of the US dollar is somewhat premature. Exports have increased substantially in the last two quarters, growth at over 4% and unemployment still around 5%. They have a large deficit, thanks to congressmen of both stripes that keep on spending recklessly. But . . . consider what imports from Germany, Britain, and Japan will cost in the US in 08 . . . Manufacturer's in Canada are envious I am sure!! And there's some great buys on houses in a number of nice places as well.
Oldschool, only critical condition is being depicted. US dollar has fallen in value compared to all the major world currencies. Deficit is piling up and economy is in down turn. Over half a trillion dollars spent on dangerous wars does not help.
Dollar may not be dead but it needs resuscitation.
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He's right, depression is on the horizon, perhaps a German style hyper inflation.
ReplyDeleteThe death of the US dollar is somewhat premature.
ReplyDeleteExports have increased substantially in the last two quarters, growth at over 4% and unemployment still around 5%.
They have a large deficit, thanks to congressmen of both stripes that keep on spending recklessly. But . . . consider what imports from Germany, Britain, and Japan will cost in the US in 08 . . .
Manufacturer's in Canada are envious I am sure!!
And there's some great buys on houses in a number of nice places as well.
Lord of Wealth, I believe you're right.
ReplyDeleteOldschool, only critical condition is being depicted. US dollar has fallen in value compared to all the major world currencies. Deficit is piling up and economy is in down turn. Over half a trillion dollars spent on dangerous wars does not help.
Dollar may not be dead but it needs resuscitation.