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Originally Posted by soulboy
currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...).
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Mmm.. the problem is despite export incentives that is not happening and not likely to happen on any significant scale. The US has two, unfortunately these are the only two, commodities which produce a trade surplus - wheat and arms.
There is prob some chance of increased trading with the EU, but very little in trading with the much larger Asian market.
At the moment US imports are simply not sustainable - it's like permanently living off credit cards. The US very badly needs a sound and competitive manufacturing base and it will take many decades to ever come close to having an overall trading surplus - and smell it's prob too late to be starting this now.