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Politics : Welcome to Slider's Dugout
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To: paul ross who wrote (8299)3/8/2008 12:51:08 PM
From: jim_p   of 50428
 
The world is pretty saturated with our paper right now and we continue to force more paper on them every year that we run trade deficits. We all know this can't go on forever, the question is are we at the point where foreigners are unwilling to accept any more paper? At some point we will be pushing on a string. If we're not there were getting pretty close and this is most likely part of the reason for the increased speculation is commodities/gold/tangible assets in addition to inflation. If we are at that point in time the big question is how low does the USD have to fall to reverse the trade deficits and what will that do to the standard of living and inflation here in the US? Sad part is this is only a question of when, not if.

The big question in my mind is does the world have the resources for the undeveloped countries to grow at 10% plus rates of growth. So far I would have to conclude that we don’t given that world food supplies are now the tightest they have been in the last century and the fact that oil prices have increased fivefold and we are not able to keep up with demand. Something has to give and give soon. Either supplies of energy/commodities have to increase, or the world economies need to reverse course and shrink or at least stop growing.

Jim

Good luck to all, I'm out of here for a week for spring break.
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