Quote:
Originally Posted by Splum
Stock market has hit all time highs and yet you libs are crying doom and gloom for the strongest largest economy on the planet.
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It's obvious one thing is clear - the US sure has no "strong economy" and that is clearly reflected in weak currency exchange.
Instead of looking at domestic shares values - have a look at the overall and view the US as USA Inc - that shows an entirely different story and one where consumption is approx 160% of wage bills and where that consumption is being purchased from other nations by a weak currency. Among other aspects, tho relevant, is a constant trade deficit. Overall - totally unsustainable and similar to permanently living off a credit card.
I'm no lib nor do I give a shit about stupid politics, but can see a downwards spiral - that is what is happening on various levels and has been for a few years now.