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Thread: Dollar is doing something it hasnt done in three decades

  1. #31
    Veteran Member Dr.Knuckles's Avatar
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    Quote Originally Posted by bajisima View Post
    Yea I had always thought it might not be a good thing. But CNBC is touting this like the invention of the wheel. Doesnt it also make fewer people come here and buy things?
    It WOULD - if those people (me) didn’t akready have flights to fucking Disneyland for this weekend.

    “We’ll eat in four days when we get back home, kids”

  2. #32
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Dr.Knuckles View Post
    It WOULD - if those people (me) didn’t akready have flights to fucking Disneyland for this weekend.

    “We’ll eat in four days when we get back home, kids”
    The unusual juxtaposition of words there caught my eye. A bit jarring, that.

  3. #33
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    Quote Originally Posted by Arkady View Post
    I think there are multiple factors at work, and the other ones can sometimes override the value of the dollar. For example, through most of the Bush years, the dollar eroded pretty dramatically, especially against the Euro. Yet there wasn't a big improvement in our balance of trade, as one might have expected from our goods and services getting more cost competitive. I think part of it was due to the stigma American-branded offerings had acquired, particularly in other wealthy nations. The US's approval ratings in leading consumer economies like France and Germany had gone into free-fall on Bush's watch. And that kind of stigma means American-branded products need to be a lot better or a lot cheaper than foreign competitors to attract a buyer. I think we're seeing something similar on Trump's watch. The value of the dollar is down about 6% relative to foreign currencies since he took office, but that's unlikely to result in a big improvement in the balance of trade, because the consumers in other wealthy nations are currently repulsed by America, to an extent that hasn't been true since back in the days of Abu Ghraib. If you're, say, Dutch, your subconscious associations with Ford, or McDonalds, or any other product that's associated with the US isn't going to be great.
    According to the OP

    The dollar hit a four-month high Tuesday, after posting its best month since November 2016.
    And March 2018 saw the most US exports in American history.
    Last edited by Libertine; 3rd May 2018 at 12:23 PM.

  4. #34
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    Quote Originally Posted by Arkady View Post
    I think there are multiple factors at work, and the other ones can sometimes override the value of the dollar. For example, through most of the Bush years, the dollar eroded pretty dramatically, especially against the Euro. Yet there wasn't a big improvement in our balance of trade, as one might have expected from our goods and services getting more cost competitive. I think part of it was due to the stigma American-branded offerings had acquired, particularly in other wealthy nations. The US's approval ratings in leading consumer economies like France and Germany had gone into free-fall on Bush's watch. And that kind of stigma means American-branded products need to be a lot better or a lot cheaper than foreign competitors to attract a buyer. I think we're seeing something similar on Trump's watch. The value of the dollar is down about 6% relative to foreign currencies since he took office, but that's unlikely to result in a big improvement in the balance of trade, because the consumers in other wealthy nations are currently repulsed by America, to an extent that hasn't been true since back in the days of Abu Ghraib. If you're, say, Dutch, your subconscious associations with Ford, or McDonalds, or any other product that's associated with the US isn't going to be great.
    I do not think that European consumers are not buying American products because of ideological reasons. It is more because American companies are not pushing their products trying to adjust to what European consumers want or find too complicated to have to deal with different languages, different mentalities. There are often issues about quality.Mac Donald is very present, but is attacked here because of junk food and is very slow to offer more diversity. It is considered mostly as Something cheap mainly made for teenagers etc... But the fact it is a symbol of the USA does not playa big role when it comes to go there.

  5. #35
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    According to the OP



    And March 2018 saw the most US exports in American history.
    And yet the U.S. trade deficit has SURGED since the election of Trump, PRECISELY as I TOLD you it would, and is now at its highest level in more than a decade:

    https://www.marketwatch.com/story/us...igh-2018-03-07
    Thanks from NightSwimmer

  6. #36
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    Quote Originally Posted by BigLeRoy View Post
    And yet the U.S. trade deficit has SURGED since the election of Trump, PRECISELY as I TOLD you it would, and is now at its highest level in more than a decade:

    https://www.marketwatch.com/story/us...igh-2018-03-07
    Why do you think that is a bad thing?

  7. #37
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    Why do you think that is a bad thing?
    This is why, and what's more, YOU HAVE BEEN GIVEN THIS EXPLANATION BEFORE:

    Tax Cut To Widen Trade Gap That Riles Trump
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  8. #38
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    Quote Originally Posted by BigLeRoy View Post
    This is why, and what's more, YOU HAVE BEEN GIVEN THIS EXPLANATION BEFORE:

    Tax Cut To Widen Trade Gap That Riles Trump
    Exports are higher than at any time in history and federal borrowing has been reduced since Trump took office.

    So why do you think that resultant trade deficit from the booming economy is a bad thing?

  9. #39
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    Exports are higher than at any time in history and federal borrowing has been reduced since Trump took office.

    So why do you think that resultant trade deficit from the booming economy is a bad thing?
    But in the long run wider trade deficits will make Americans poorer. That's not because foreigners are stealing American jobs, as Mr. Trump often contends. Rather, it's because Americans will increasingly borrow from foreigners to sustain their standard of living. Paying them back will wipe out a sizable chunk of the tax cut's benefit.


    Apparently you think making Americans POORER in the long run is a GOOD thing.

    Well, if that isn't REPUBLICAN thinking for you, right there, in all its NAKED GLORY, I don't know what would be!
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  10. #40
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    Quote Originally Posted by BigLeRoy View Post
    But in the long run wider trade deficits will make Americans poorer. That's not because foreigners are stealing American jobs, as Mr. Trump often contends. Rather, it's because Americans will increasingly borrow from foreigners to sustain their standard of living. Paying them back will wipe out a sizable chunk of the tax cut's benefit.


    Apparently you think making Americans POORER in the long run is a GOOD thing.

    Well, if that isn't REPUBLICAN thinking for you, right there, in all its NAKED GLORY, I don't know what would be!
    The tax cuts aren't responsible for the deficit, it is increased spending. Your argument starts with a false premise.

    Congress spent hundreds of billions more than Trump requested, that is the problem.

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