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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (528870)	11/13/2009 8:08:37 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1575177

How'd that work out in the 30s, when Smoot Hawley did essentially the same thing? Depreciation of dollar is not quite the same, but give Obama some time...

To: i-node who wrote (528870)	11/15/2009 1:40:46 PM
From: tejek	Respond to of 1575177

They don't consider inflation to be an immediate threat because the economy is weak and deflationary. I don't think it is an immediate threat but only because it takes a year or two for inflation to become a threat after what has transpired. But once it starts (and it will) the Fed will have to tighten and they have said they stand ready to tighten fast and hard and I take them at their word. Good.....we'll cross that bridge when we are closer to it. We agree. 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. How'd that work out in the 30s, when Smoot Hawley did essentially the same thing It worked nicely. We came out of the Depression.