Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (597559)	7/30/2004 11:46:39 AM
From: DuckTapeSunroof	Respond to of 769670

Message 20362847

To: JDN who wrote (597559)	7/30/2004 12:01:58 PM
From: ThirdEye	Respond to of 769670

As the dollar falls, yes, our exports would improve, but it also puts more pressure on foreign central banks to buy more treasuries to prop up our currency for the sake of their own economies. The music is going to stop at some point. The level of consumer debt now is higher than it's ever been, the level of interest payments as a % of income is higher than it's ever been, the level of debt to household assets here is higher than it's ever been. TO suggest that the economy will "improve over the next 4 years" as a result of Bush "policies" is absurd. It's the fed that has engineered this situation, and though Bush gives lip service to a "strong" dollar, he wants just the opposite because inflation is the only way to reduce the value of the trade debt. It may take a real worldwide depression for all this to wash out, and at some point there won't be a thing any president can do about it-except maybe divert us with a new war.