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Author Topic: Economy on track for a 20 year record high  (Read 1692 times)

Offline Sandman

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Economy on track for a 20 year record high
« Reply #30 on: July 08, 2004, 01:32:42 PM »
Do they use carpenters to build RVs? ;)
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Offline Staga

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Economy on track for a 20 year record high
« Reply #31 on: July 08, 2004, 01:40:32 PM »
Quote
Originally posted by Ripsnort
Which is good for the US when concerning trade deficit as far as the US is concerned. Our exports are cheaper.  China, SE Asian countries like to artificially inflate the value of the US dollar to make our exports more expensive to buy.


Yeah it's all good; even if USD has lost 30% of its value in 1,5 years... Guess it's time to say bye to USD as a world-wide currency and welcome the new king; €  :)


(source X-Rates.com)
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Offline Ripsnort

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« Reply #32 on: July 08, 2004, 01:44:38 PM »
Quote
Originally posted by Staga
Yeah it's all good; even if USD has lost 30% of its value in 1,5 years... Guess it's time to say bye to USD as a world-wide currency and welcome the new king; €  :)


(source X-Rates.com)


Good for us, bad for you. Your exports will cost more, supply and demand, consumer will choose less expensive products (All this from a consumer/trade deficit point of view) When your products cost more, less get consumed, and lay-offs follow shortly.
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Offline SOB

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« Reply #33 on: July 08, 2004, 01:46:41 PM »
LOL, that's just pure genius Rip.  Hell, we should do whatever it takes to make the dollar completely worthless, that way our exports will sell like hotcakes!  We could even get the kiddies involved like in Asia!
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Offline Ripsnort

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« Reply #34 on: July 08, 2004, 01:49:10 PM »
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Originally posted by SOB
LOL, that's just pure genius Rip.  Hell, we should do whatever it takes to make the dollar completely worthless, that way our exports will sell like hotcakes!  We could even get the kiddies involved like in Asia!


Again, China artificially inflates the dollar, which creates the trade deficit we have. Believe me, Europe does NOT want the US dollar to be valued lower. :)

The overvalued U.S. dollar is putting the squeeze on American manufacturers and farmers. An overvalued dollar has cost American manufacturers and farmers billions of dollars and hundreds of thousands of jobs the last few years, and it is being corrected as we speak, thankfully.

We (The USA) must ensure foreign leaders that the USA will no longer tolerate actions that keep our dollar artificially inflated.
« Last Edit: July 08, 2004, 01:53:22 PM by Ripsnort »
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Offline rpm

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« Reply #35 on: July 08, 2004, 02:40:47 PM »
The dollar losing value is NOT a good thing Rip.
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Offline Thrawn

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« Reply #36 on: July 08, 2004, 02:50:01 PM »
Quote
Originally posted by Ripsnort
We (The USA) must ensure foreign leaders that the USA will no longer tolerate actions that keep our dollar artificially inflated.


You might want to tell that to Bush you dolt.  He keeps asking the G8 to keep the USD proped up.
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Offline Scootter

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« Reply #37 on: July 08, 2004, 02:51:58 PM »
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Originally posted by Elfie
I still can't find work as a siding carpenter, over half the carpenters I know are still out of work. Economy cant be that great yet...


Get your lilly white a22 down here and get some sun, we can't get enough folks with a heart beat here in the construction industry. Jobs are sitting for weeks waiting on workers. It's boom times here and you are laying around?

GET DOWN HERE we need carpenters bad, the local paper has over 30 adds just for carpenters.


sheese... man, show me someone who says he wants to work not working, I'll show you a layabout Oprah watcher whinner
« Last Edit: July 08, 2004, 03:08:41 PM by Scootter »
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Offline 2stony

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Economy on track for a 20 year record high
« Reply #38 on: July 08, 2004, 03:03:12 PM »
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Lol, it goes up seventy cents, comes down 10 cents, and gas prices are down.


     This is a "Republican" point of view. It's nice that some of us can see through the "smoke and mirrors".

:rolleyes:
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Offline Sixpence

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Economy on track for a 20 year record high
« Reply #39 on: July 08, 2004, 03:28:05 PM »
Quote
Originally posted by Eagler
his tax cuts and other measures did stop a willie spawned tech bubble pop with a 9/11 topping recession from slipping into a full blown 30's style depression but pls believe what you want ...


Ahh, so the president does control the economy, got it:aok
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Offline TheDudeDVant

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« Reply #40 on: July 08, 2004, 03:28:45 PM »
Rip,

Did you find some LSD while you were gone?

If the US dollar is worth less, it takes more US dollars to buy US products. Devaluing the dollar is NOT a good thing.. But rest assured it is coming.. The dollar will take a major down turn. The Euro will most likely be the next world currency if trends continue.

China holds billions of dollars in US currency. If they were to dump that money on the world markey in favor of say the Euro, that would be devestating to the US economy. Japan holds billions of US currency too.

Oil being traded in US dollars is another thing that holds the dollar value high on the world market. If OPEC countries suddenly decided to trade their oil for say Euros, that would be a HUGH impact on America's economy as well.

Funny, SH was in the process of changing their oil currency dollars for Euros before his over throw..  Just saying is all.. Im sure that had nothing to do with the war on terror for which we invaded..

Just curious though, What makes you believe devaluing the dollar is good for Americans??
« Last Edit: July 08, 2004, 03:30:46 PM by TheDudeDVant »
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Offline Sixpence

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Economy on track for a 20 year record high
« Reply #41 on: July 08, 2004, 03:32:59 PM »
They would never switch to the euro, Toad told me so.
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"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

(and I still say he wasn't trying to spell possum!)

Offline Ripsnort

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« Reply #42 on: July 08, 2004, 04:11:53 PM »
Quote
Originally posted by TheDudeDVant
Rip,

Did you find some LSD while you were gone?

If the US dollar is worth less, it takes more US dollars to buy US products. Devaluing the dollar is NOT a good thing.. But rest assured it is coming.. The dollar will take a major down turn. The Euro will most likely be the next world currency if trends continue.

China holds billions of dollars in US currency. If they were to dump that money on the world markey in favor of say the Euro, that would be devestating to the US economy. Japan holds billions of US currency too.

Oil being traded in US dollars is another thing that holds the dollar value high on the world market. If OPEC countries suddenly decided to trade their oil for say Euros, that would be a HUGH impact on America's economy as well.

Funny, SH was in the process of changing their oil currency dollars for Euros before his over throw..  Just saying is all.. Im sure that had nothing to do with the war on terror for which we invaded..

Just curious though, What makes you believe devaluing the dollar is good for Americans??


Nope, just basic economics, though I am no economist, I do know that a devaluated dollar makes our goods cheaper for foreign countries to purchase. This is why the trade deficit and China artifically inflating the dollar is a concern for any president in office.  Correct me if I am wrong, but thats what I thought was the big concern with a over-inflated dollar and trade deficits.
« Last Edit: July 08, 2004, 04:19:59 PM by Ripsnort »
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Offline mosgood

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« Reply #43 on: July 08, 2004, 04:26:47 PM »
We're not seeing an increase in spending on TV products yet... but this our worst season of the year anyways.
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Offline lazs2

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« Reply #44 on: July 08, 2004, 05:19:34 PM »
none of this really matters... it matters not who is responsible..

if the economy is percieved to be good then it will add 2-6 % points to the voting numbers for Bush... If it is bad it will do the reverse.

If Bush is better looking than the other candidates that will add 4-8 points.

lazs
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