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Author Topic: Weekly initial jobless claims down 50k to 352,000 [Locked]
B_Shinkicker  3 stars
Posts: 519
Registered: 2002-2-24 01:12:47
It's easy to trend your consumption up when you aren't paying your mortgage.

 

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AzureTyger  2 stars
Title: Awesome
Posts: 462
Registered: 2002-4-1 15:49:04
@ the scrambling excuses of the tards who hitched their wagons to predictions of the collapse of western currency systems and economies.

 

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B_Shinkicker  3 stars
Posts: 519
Registered: 2002-2-24 01:12:47
Any prediction of the US Dollar's collapse while the Dollar is the world reserve currency is silly.

 

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It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
Friarspam  3 stars
Posts: 638
Registered: 2007-1-23 07:01:27
B_Shinkicker posted:

Any prediction of the US Dollar's collapse while the Dollar is the world reserve currency is silly.



I was discussing this today. I hope that it doesn't get switched to some other currency or we're SCREWED.

(when the debt>GDP the ability of the world reserve currency status helps to prop up a terrible currency)

 

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Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
The US currency needs to be devalued. Having foreign investors prop up debt spending is not a great idea. Look at Greece.

The harm of perpetual trade defecits supported by capital inflows is far worse than the world using other currencies as reserve currencies. The % of reserves in USD is way too high. There should be a much broader mix and the biggest reason there isn't is the German's capacity to resist the Euro becoming a major reserve currency. In large part because Germany wants to prop up their exports.

 

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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
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Kjarhall  3 stars
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
Akza posted:

Kjarhall posted:

Brother_Tempus posted:

Sin_of_Onin posted:

There are a lot of indications of upward trending in employement and consumption.



No there's not



Roubini disagrees with your dumb ass. Guess who has more cred?



rofl @ using roubini.

talk about someone who wants the world to go to hell in a handbasket. anytime there is positive news, there is some big conspiracy faking all the numbers. anytime there is negative news, all you read is "I TOLD YOU SO".


And the point was, even with that, BT is still dumber than him.

 

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NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
Sin_of_Onin posted:

The US currency needs to be devalued. Having foreign investors prop up debt spending is not a great idea. Look at Greece.

The harm of perpetual trade defecits supported by capital inflows is far worse than the world using other currencies as reserve currencies. The % of reserves in USD is way too high. There should be a much broader mix and the biggest reason there isn't is the German's capacity to resist the Euro becoming a major reserve currency. In large part because Germany wants to prop up their exports.



I blame it on unions not insisting on much higher wages and the lack of general minimum wage. Even the East Europeans don't want to work here anymore because wages are too low.

 

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Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
Sin_of_Onin posted:

The US currency needs to be devalued. Having foreign investors prop up debt spending is not a great idea. Look at Greece.

The harm of perpetual trade defecits supported by capital inflows is far worse than the world using other currencies as reserve currencies. The % of reserves in USD is way too high. There should be a much broader mix and the biggest reason there isn't is the German's capacity to resist the Euro becoming a major reserve currency. In large part because Germany wants to prop up their exports.



More mercantilist evangelism from you, eh?

 

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Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
Abaddon_Ambrosius posted:

Sin_of_Onin posted:

The US currency needs to be devalued. Having foreign investors prop up debt spending is not a great idea. Look at Greece.


The harm of perpetual trade defecits supported by capital inflows is far worse than the world using other currencies as reserve currencies. The % of reserves in USD is way too high. There should be a much broader mix and the biggest reason there isn't is the German's capacity to resist the Euro becoming a major reserve currency. In large part because Germany wants to prop up their exports.



More mercantilist evangelism from you, eh?



Suggesting the US stops letting mercantilist nations do whatever they want to the point of harming our economy and the economies of other nations is not an endorsement of mercantilism.


I am against mercantilism and the artificial support of trade imbalances through capital flows to the importing country. There are plenty of other modern methods that can be used but capital flows seem to be one of the most common forms these days.

 

-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!

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