link to the thread
http://www.letsrun.com/forum/flat_read.php?thread=2335554&page=#2335554
link to the thread
http://www.letsrun.com/forum/flat_read.php?thread=2335554&page=#2335554
Not sure why this one keeps getting deleted? It's not a politically contentious thread, yet anyway.
Sagarin wrote:
Not sure why this one keeps getting deleted? It's not a politically contentious thread, yet anyway.
Accidentally fell into the server's black hole.
Why are some of you so concerned about the value of the dollar?
Consumer spending is much more important variable.
With the financial sector and real estate sectors in the toilet, we need a weak dollar so we can export our stuff and get some revenues. Granted, it makes our assets cheap for foreign investors but that is where we are at.
With a strong dollar we would lose a good chunk of our exports and we really would hit a rough patch.
One of many articles like it:
the LA Times
http://www.latimes.com/business/la-fi-ports17jan17,1,3403220.story?track=rss
The ports of Los Angeles and Long Beach.......in a shift, exports grew as the dollar's declining value helped U.S. companies ride into new markets and to record-breaking sales.
One of those benefiting was Los Angeles Grain Terminal in Long Beach, a 49-year-old company that packs cargo containers with grain from the Midwest for sale in Asia.
We are absolutely at capacity as far as loading goes. The dollar has fallen and American agricultural products are a bargain in the world. All of a sudden, there was this huge demand," said company President Howard Wallace.
Jerry Nickelsburg, an economist with the UCLA Anderson Forecast. "That export growth is one of the strengths of the U.S. economy right now."
"Our sales are easily up 100% over the past year," said Brad Heier, president of San Juan Capistrano-based Globe Runners Inc., another company involved in moving agricultural goods to Asia, mostly grain and soybeans. The boom came in the last half of 2007, Heier said -- thanks to China
Read more at the link above
great we shipped a bunch of grain and beans - woo hoo! there's nothing like shipping a bunch of non value added commodities.
Our exports grew by 7.9 percent in 2007.
Moderator wrote:
Sagarin wrote:Not sure why this one keeps getting deleted? It's not a politically contentious thread, yet anyway.
Accidentally fell into the server's black hole.
Wrong! ;o) Last time
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