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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (107026)	1/6/2012 11:51:02 AM
From: Road Walker	Read Replies (1) \| Respond to of 149317

Oh really? Well, why does the chart below look so ugly? The dollar is clearly on a long term downtrend. You're picking your time frame carefully. And it looks like it might be a double bottom to me. Regardless since Obama, who you are railing against, took office it's recovered to a relatively narrow range. Does this one look like a long term downtrend? And your "destructed" rhetoric is anything but accurate. Settle down and stay away from the nut case boards.

To: RetiredNow who wrote (107026)	1/6/2012 1:14:25 PM
From: tejek	Respond to of 149317

h really? Well, why does the chart below look so ugly? The dollar is clearly on a long term downtrend. Care to explain your comment above in light of the facts below? Please note that the chart below is sourced from the US Fed. Printing money and increasing deficits and debt destroys the value of the dollar. That's a fact, not an opinion. Cheaper dollars has a silver lining...our export goods become more attractive, helping our manufacturing companies in the short run. Over the longer run, the input prices those manufacturing companies have to pay increases through inflation of commodity prices like steel and copper. That squeezes their margins, reducing profitability, forcing them to increase prices to stay profitable, which ultimately destroys their ability to compete through cheaper dollars. There is very little inflation in the market place curently and its likely to stay that way for a while. Why? Copper and steel are at 1 year lows: kitcometals.com So long as China keeps the brakes on its economy prices are not likely to go up. US capacity ute. has stalled at 77% after dropping to a low of 73% during the recession.......anything above 85% is considered inflationary. Housing prices are at a 10 year low and the banks are just starting to introduce their shadow inventory into the market, insuring that prices won't be jumping up any time soon. We have an unemployment rate of 8.5% which pretty much guarantees labor costs won't be moving up any time soon. So where's the inflation? Sure there could be inflation some time down the road.........then again, the sun may nova as well. So what's your point.........other than trying to make R. Paul look like an economic god? I think we might be in store for some goldilocks economy. Just sayin'.