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.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (5311)	3/21/2008 3:24:24 AM
From: Real Man	Read Replies (1) \| Respond to of 71475

I hope so. The current account deficit should drop, provided that recession goes global and oil drops. Data suggests it is dropping against Asians, but not against oil exporters. Net-net, zero effect so far. It tends to be sticky, as shifting manufacturing facilities is not a fast process, and lots of those were exported to Asia after the Asian crisis due to wage arbitrage.

To: dybdahl who wrote (5311)	3/21/2008 5:06:31 AM
From: Real Man	Respond to of 71475

"the fed has managed to keep unemployment low" Good question, since nothing BLS says can be trusted, and that includes employment statistics, since various tricks are used to keep the number low. One trick is birth/death model, which tends to "model" jobs created by small businesses. These are obviously not real jobs. The other trick is that the unemployed folks are only counted as such as long as they receive unemployment benefits. So far the job market is not that bad.