...and the people who fret about that will be the EXACT SAME FOLKS who complain about our trade defecit!!!
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Joe Baker, who thinks people worry about a lotta silly stuff.
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- Joe Baker
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I can appreciate the sense in worrying about one or the other, but not both. The devalued dollar means Americans will buy more American made products (agreed that it won't much affect our buying from Asia) and will cause more people from elsewhere in the world to buy FROM US (as Bloke describes). A more valuable dollar INCREASES the trade defecit, as Americans use their valuable dollars to snap up bargains. The value of the dollar and the trade defecit will tend to move in the same direction. The devalued dollar is generally better for the average working stiff because it increases demand for American goods, while the inflated dollar is generally better for folks with lots of cash to spend.
Besides, Bill, weren't you MORE worried that the Chinese would decouple the Yuan from the US$?
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Joe Baker, who remains relatively unconcerned, but who won't be buying goods from Europe any time soon.
Besides, Bill, weren't you MORE worried that the Chinese would decouple the Yuan from the US$?
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Joe Baker, who remains relatively unconcerned, but who won't be buying goods from Europe any time soon.
- Joe Baker
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Hmm. Sorry, must've been someone else. That's old age for you!wnazzaro wrote:I don't recall ever arguing that position.Joe Baker wrote:Besides, Bill, weren't you MORE worried that the Chinese would decouple the Yuan from the US$?
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Joe Baker, who experiences this more and more... um... what was I sayin'?
- Chuck(G)
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I did mention it, but not with any particular sense of dread. Like Warren Buffet, Bill Gates and others, I simply see it as an incentive to alter my investment strategy...bloke wrote:...possibly the guzitarian??
However, the floating of the remninbi against a "basket" (which will certainly include the Euro) as is being proposed by the Bank of China will make for a potent inflationary force against the dollar...
See how the almighty greenback is doing.
- Chuck(G)
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