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Politics : Formerly About Advanced Micro Devices
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To: ryanaka who wrote (1156017)8/10/2019 12:20:15 PM
From: ryanaka  Read Replies (1) of 1576858
 
"There are other costs for the world economy. A stronger dollar would end up creating collateral damage in some emerging market economies, on account of balance-of-payments pressures caused by large amounts of external debt and weakening currencies. All of these convulsions in currency markets will add to the uncertainty already spawned by global trade tensions. This uncertainty, in addition to the exchange rate volatility triggered by currency wars, will keep business investment weak and continue hurting productivity and employment growth around the world. A cheaper currency might seem easy to orchestrate and a convenient mechanism to boost domestic growth and retaliate against trade sanctions imposed by other countries. But the actual benefits are likely to be fleeting while the costs in disrupted trade and lost growth could be enormous."

MAGA=Made America Greatly Anemic.
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