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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (17074)11/29/2004 2:00:42 PM
From: Knighty Tin  Read Replies (2) of 116555
 
mish, Andy Xie talks about how making the dollar cheaper would hurt imports, but then we don't have any factories to make anything, anyway. That's true. But another factor is that the dollar (and the US worker) would have to take a huge beating to make us competitive in world markets. I don't think any politician can stand 10% interest rates or major league underemployment in this country. If any could, it would be Dubya, who would smirk and say we're making progress while the retardos losing their jobs would say "we wuv Dumbya for his moral values." <G>
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