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: E. T. who wrote (662977)	11/29/2004 6:00:08 AM
From: JDN	Respond to of 769670

Just to keep the record straight, many believe that the $$ was WAY OVERPRICED in the past, foreign capitals DESPERATELY tried to keep it that way cause its good for THEIR exports, which they rely on far more then do we. So the fact its dropping shouldnt be a big surprise and isnt all bad. The increase in the price of oil IMHO has NOTHING to do with the dropping $$. Its a combination of MANY THINGS, not the least of which is China's rapidly expanding economy and huge increase in fuel requirements, same too with India. Couple that with insufficient oil tanker quantity, insufficient refining capacity, silly rules in USA for refining grades and you got most of the problem right there. jdn

To: E. T. who wrote (662977)	11/29/2004 6:06:38 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 769670

You have it completely backwards... our trade deficit is so high because Americans are buying more imported goods than our foreign trade partners are buying from us... our economy is strong, their economies are weak and cannot keep pace with our overseas buying power... the weaker dollar makes our exports more attractive to our foreign trade partners, as a result they buy more of our exports, and our trade deficit declines as a result... this is simple mathematics, did you miss that somewhere along the way in school? Look at how these equity markets are responding, they only support my point here... GZ