Quote:
Originally Posted by sperbonzo
You're kidding right?
do you understand basic economics?
The dollars weakness is GREAT for the US economy. Our exports and corporate assets are strong sellers.
The over strong Euro, on the other hand, is flattening out the EU economy in a really big way. This is why unemployment in the EU is twice to 5 times the US rate, your export market is in the shitter, and the heads of banks in places like Germany are trying to figure a way to get out of the Euro and go back to the Deutchmark.
Don't buy the hype pal.... look at the realities of the situation.
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Excuse me
That is too damned funny.
Fact is the US has no exports to talk about - there has been a trade deficit since the late sixties. This year will see the largest trade deficit ever - obviously the weak dollar value helped increase this deficit.
Meanwhile the US is consuming more than it can afford with spending at 160% of wages.
Growth rates are not in the US or the EU, but in Asia. Despite that, at least EU countries actually have a fiscal policy and balance their books - something that is sure not happening in the US over the last few years.
That's the reality
