SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (528561)11/13/2009 4:39:08 PM
From: tejek  Read Replies (1) of 1575267
 
> The feds also said in their last meeting tightening is a long way off.

They HAVE backed away from their earlier statements but only because the economy is so weak they're afraid to tighten right now.


Of course. They don't consider inflation to be an immediate threat because the economy is weak and deflationary.

If they thought it wouldn't wreck any chance at recovery they'd be doing it now.

Duh!

> American businesses know damn well that a cheaper dollar makes it easier for them to sell their products overseas.

Did you ever hear of a "trade deficit", genius? Do you have any idea what it means and how it is affected by a cratering dollar?


Yes, a weak dollar makes foreign products more expensive. That encourages Americans to buy American over the long term. It also makes American products more affordable to foreigners. Over the long term, that should help the trade deficit to lessen and create American jobs. Short term, it can lead to higher trade deficits which is offset by the job creation.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext