The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: stan_hughes who wrote (4813)	3/10/2008 3:09:48 PM
From: Real Man	Read Replies (1) of 71445

Germany and Japan manage to run manufacturing profitably, I don't see why we can't, with a lower dollar. It's true that cost of labor in India and China is much lower, but so is productivity, even though some may not support that view. I'd be more optimistic - the effect of lower dollar will bring back manufacturing, provided that no Zimbabwization is attempted to save fictitios capital (a possibility). In the latter case the country will be destroyed. The trend of lower manufacturing employment is global, and is in part explained by increased productivity. The output has not really changed that much.

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